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Ashford Prime amends partnership agreement to enhance voting rights of OP unit holders

2016-02-02 19:19:08| Jewelry - Topix.net

OP unit holders will be permitted to purchase preferred shares of the company entitling them to vote on matters brought before stockholders on a one-for-one, as-converted basis, without the potential negative tax effects that would accompany the conversion of the OP units into common shares. Preferred shares that are issued will be extinguished when the holders exercise their conversion rights.

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