CRIIMI MAE Sets Record and Meeting Dates for Special Meeting to Approve Merger
November 15 2005 - 3:56PM
PR Newswire (US)
ROCKVILLE, Md., Nov. 15 /PRNewswire-FirstCall/ -- The board of
directors of CRIIMI MAE Inc. (NYSE:CMM) set a November 28, 2005
record date for shareholders entitled to vote at the special
meeting of common shareholders to be held at the Benjamin Hotel,
New York, New York, on Wednesday, January 18, 2006 at 10:00 a.m. At
the meeting, common shareholders will vote on the proposed
acquisition of CRIIMI MAE by CDP Capital -- Financing Inc., a
subsidiary of Caisse de depot et placement du Quebec. Under the
terms and subject to the conditions of the definitive agreement and
plan of merger, an indirect subsidiary of CDP Capital -- Financing,
will be merged with and into CRIIMI MAE and CRIIMI MAE's
outstanding shares of common stock will each be converted into
$20.00 in cash (the "Merger"). Proxy materials describing the
proposed Merger are anticipated to be mailed to shareholders on or
about December 2, 2005. For further information, shareholders and
securities brokers should contact Susan Railey at (301) 255-4740,
e-mail , and news media should contact James Pastore, Pastore
Communications Group LLC at (202) 546-6451, e-mail . Note:
Forward-looking statements or statements that contain the words
"believe," "anticipate," "expect," "contemplate," "may," "will" and
similar projections contained in this release involve a variety of
risks and uncertainties. These risks and uncertainties include the
risk that the proposed transaction described above may fail to be
approved by shareholders, the conditions to the closing may not be
satisfied or that the benefits of such transaction fail to be
realized; as well as the risks and uncertainties that are set forth
from time to time in the Company's SEC reports, including its
Annual Report on Form 10-K for the most recent year and Quarterly
Report on Form 10-Q for the most recent quarter. Such statements
are subject to these risks and uncertainties, which could cause
actual results to differ materially from those anticipated. CRIIMI
MAE assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events. In
connection with the proposed merger, on November 3, 2005, CRIIMI
MAE Inc. filed a preliminary proxy statement with the Securities
and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED
TO READ THE DEFINITIVE PROXY STATEMENT WHEN IT BECOMES AVAILABLE,
BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Investors and
security holders may obtain a free copy of the definitive proxy
statement (when available) and other documents filed by us at the
SEC's website at http://www.sec.gov/. The definitive proxy
statement and such other documents may also be obtained for free
from us by directing such request to: CRIIMI MAE Inc., 11200
Rockville Pike, Rockville, Maryland 20852, Attention: Investor
Services, telephone: 301-255-4740 or 1-800-CMM-0535. We and our
directors, executive officers and other members of our management
and employees may be deemed to be participants in the solicitation
of proxies from our stockholders in connection with the proposed
merger. Information concerning the interests of these participants
in the solicitation is set forth in our preliminary proxy statement
previously filed with the SEC. DATASOURCE: CRIIMI MAE Inc. CONTACT:
For shareholders and securities brokers: Susan B. Railey of CRIIMI
MAE Inc., +1-301- 255-4740; or for news media: James T. Pastore,
+1-202-546-6451, for CRIIMI MAE Inc. Web site:
http://www.criimimaeinc.com/ http://www.sec.gov/
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