DENVER, Sept. 24, 2014 (GLOBE NEWSWIRE) -- Dividend Capital Diversified Property Fund Inc. ("DPF") today confirmed that Coastal Realty Business Trust ("Bidder"), an affiliate of MacKenzie Capital Management, LP, has commenced an unsolicited tender offer to acquire approximately 5% of the outstanding Class E shares of common stock of DPF at a price of $3.50 per share in cash. The offer is scheduled to expire on November 7, 2014.
Consistent with its fiduciary duties, DPF's Board of Directors will consider the tender offer and advise DPF shareholders of its recommendation. Such recommendation will be made no later than October 7, 2014, and will be furnished to shareholders and filed with the Securities and Exchange Commission on a solicitation/recommendation statement on Schedule 14D-9.
Shareholders are urged to take no action with respect to the tender offer until DPF's Board of Directors makes its recommendation.
Important Information and Where to Find It
This communication does not constitute an offer to buy or the solicitation of an offer to sell any securities. DPF intends to file a solicitation/recommendation statement on Schedule 14D-9 with respect to the tender offer with the Securities and Exchange Commission (the "SEC") no later than October 7, 2014. Shareholders are urged to read the solicitation/recommendation statement and any other documents filed with the SEC when they become available because they will contain important information. Shareholders may obtain a free copy of the solicitation/recommendation statement and other documents (when available) that DPF files with the SEC at the SEC's website at http://www.sec.gov and DPF's website at http://www.dividendcapitaldiversified.com. In addition, the solicitation/recommendation statement and other documents (when available) filed by DPF with the SEC may be obtained from DPF free of charge by writing to DPF, Attn: Investor Relations, 518 17th Street, 17th Floor, Denver, Colorado 80202.
About Dividend Capital Diversified Property Fund Inc.
Dividend Capital Diversified Property Fund is a public reporting, daily NAV vehicle based in Denver, CO that invests in a diversified portfolio of commercial real estate assets. The company owned 68 properties totaling approximately 11.7 million square feet in 24 geographic markets as of June 30, 2014. More information is available at www.dividendcapitaldiversified.com.