Heritage Property Investment Trust, Inc. Sets Date For Special Stockholders Meeting
August 29 2006 - 5:05PM
PR Newswire (US)
BOSTON, Aug. 29 /PRNewswire-FirstCall/ -- Heritage Property
Investment Trust, Inc. (NYSE:HTG) ("Heritage" or the "Company"),
today announced that it has scheduled a special meeting of its
shareholders to approve the merger of Heritage with an affiliate of
Centro Properties Group, an Australian publicly-traded real estate
company, pursuant to the Agreement and Plan of Merger, dated as of
July 9, 2006, by and among Heritage and certain Centro Properties
Group affiliates. The special meeting will be held on Tuesday,
October 3, 2006 at 10:00 a.m. local time, at The Westin Copley
Place, 10 Huntington Avenue, Boston, Massachusetts 02116. Holders
of Heritage common stock of record on the close of business on
August 28, 2006, the record date for the special meeting, will be
entitled to vote at the meeting. Completion of the merger and the
other transactions contemplated by the merger agreement remains
subject to the affirmative vote of holders of at least a majority
of Heritage's outstanding common stock and other customary closing
conditions. ABOUT HERITAGE PROPERTY INVESTMENT TRUST, INC. Heritage
is a fully integrated, self-administered and self-managed REIT
traded on the New York Stock Exchange under the symbol "HTG."
Heritage is one of the largest owners and operators of neighborhood
and community shopping centers in the United States. Heritage
focuses on grocer-anchored shopping centers with multiple anchors.
Heritage is headquartered in Boston, Massachusetts and has an
additional 15 regional offices located in the Eastern, Midwestern
and Southwestern United States. For more information about
Heritage, please refer to Heritage's website,
http://www.heritagerealty.com/. SAFE HARBOR LANGUAGE Some of the
statements contained in this press release constitute
forward-looking statements. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. The forward-looking
statements reflect the Company's current views about future events
and are subject to risks, uncertainties, assumptions and changes in
circumstances that may cause the Company's actual results to differ
significantly from those expressed in any forward-looking
statement. You should not rely on forward-looking statements since
they involve known and unknown risks, uncertainties and other
factors that are, in some cases, beyond the Company's control and
that could materially affect actual results. Such factors include,
among others, the following: the satisfaction of the conditions to
consummate the merger with Centro, including the Company's receipt
of the requisite stockholder approval; the occurrence of any event,
change or other circumstances that could give rise to the
termination of the merger agreement; the failure of the merger to
close for any other reason; and the amount of the costs, fees,
expenses and charges related to the merger. For further discussion
of these and other factors that could impact the Company's future
results, performance, achievements or transactions, see the
documents filed by the Company from time to time with the
Securities and Exchange Commission, and in particular Item 1A,
"Risk Factors," in the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2005. The forward-looking statements
contained in this release represent the Company's judgment as of
the date of this release, and the Company cautions readers not to
unduly rely on such statements. ADDITIONAL INFORMATION ABOUT THE
MERGER AND WHERE TO FIND IT This communication is being made in
respect of the proposed merger involving the Company and affiliates
of Centro Properties Group. In connection with the transaction, the
Company has filed a definitive proxy statement with the SEC.
Stockholders are urged to read the definitive proxy statement
carefully and in its entirety because it contains important
information about the proposed transaction. The final proxy
statement will be mailed to the Company's stockholders. In
addition, the proxy statement and other documents will be available
free of charge on the SEC's Internet Web site, http://www.sec.gov/.
The definitive proxy statement and other pertinent documents also
may be obtained free of charge at the Company's website,
http://www.heritagerealty.com/. The Company and its directors and
officers and other members of management and employees may be
deemed to be participants in the solicitation of proxies in respect
to the proposed transactions. Information regarding the Company's
directors and executive officers is detailed in its proxy
statements and annual reports on Form 10-K, previously filed with
the SEC, and the definitive proxy statement relating to the
proposed transactions. DATASOURCE: Heritage Property Investment
Trust, Inc. CONTACT: Patrick O'Sullivan, Vice President, Finance
and Accounting of Heritage Property Investment Trust, Inc.,
+1-617-247-2200, ; or Claire Koeneman, Analyst Info,
+1-312-640-6745, or Joe Calabrese, General Info, +1-212-827-3772,
both of Financial Relations Board Web site:
http://www.heritagerealty.com/
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