ROCKY HILL, Conn., Aug. 9 /PRNewswire-FirstCall/ -- Realty Finance
Corporation (Pink Sheets: RTYFZ) today announced that its 2010
annual meeting of stockholders will be further postponed because
there were an insufficient number of shares to be voted by proxy to
constitute a quorum for the annual meeting. The annual
meeting has been rescheduled for September
28, 2010 at 1:00 p.m. (Eastern
Daylight Time), at the Marriott Hotel, 100 Capital
Boulevard, Rocky Hill, CT 06067.
The record date of June 4, 2010
and the annual meeting agenda will remain unchanged for the
postponed meeting.
The Company urges all stockholders who have not yet voted
their proxies to submit the proxies or contact their brokers
immediately so that their shares may be voted on September 28, 2010.
About Realty Finance Corporation
Realty Finance Corporation is a commercial real estate specialty
finance company primarily focused on managing a diversified
portfolio of commercial real estate-related loans and securities.
For more information on the Company, please visit the
Company's website at http://www.realtyfinancecorp.com.
The Company's common stock is currently quoted on the Pink OTC
Markets, or Pink Sheets. While not a requirement, the Pink
Sheets encourages companies having their securities quoted thereon
to provide adequate current information in accordance with its
disclosure guidelines. The Company will evaluate the need to
issue press releases containing information similar to such
information disclosed herein. There is no assurance that the
Company will provide timely periodic disclosures or at all.
The Company has elected to qualify to be taxed as a real estate
investment trust, or REIT, for U. S. federal income tax purposes
commencing with the taxable year ended December 31, 2005. As a
REIT, the Company generally will not be subject to U. S. federal
income tax on that portion of income that is distributed to
stockholders if at least 90% of the its REIT taxable income is
distributed to its stockholders. The Company conducts its
operations so as to not be regulated as an investment company under
the Investment Company Act of 1940, as amended, or the 1940 Act.
The Company has not had any taxable income in 2008 and 2009
and does not expect to have any taxable income in the future.
Forward-Looking Information
This press release contains forward-looking statements based
upon the Company's beliefs, assumptions and expectations of its
future performance, taking into account all information currently
available. These beliefs, assumptions and expectations can change
as a result of many possible events or factors, not all of which
are known to the Company or are within its control. If a change
occurs, the Company's business, financial condition, liquidity and
results of operations may vary materially from those expressed in
its forward-looking statements. The factors that could cause actual
results to vary from the Company's forward-looking statements
include: the Company's ability to continue to cover its operating
cash shortfall; the risk factors included as part of the Company's
Annual Report on Form 10-K for the period December 31, 2008 filed on March 16, 2009; the Company's future operating
results; its business operations and prospects; general volatility
of the securities market in which the Company invests and the
market prices of its common stock; the effect of trading on the
Pink Sheets; availability, terms and deployment of short-term and
long-term capital; availability of qualified personnel; changes in
the industry; interest rates; the debt securities, credit and
capital markets, the general economy or the commercial finance and
real estate markets specifically; performance and financial
condition of borrowers and corporate customers; the status of the
appeal of the class action lawsuit; any future litigation that may
arise; the ultimate resolution of the Company's numerous defaulted
loans; the state of the Company's joint venture investments; the
ability to continue as a going concern; availability of liquidity;
and other factors, which are beyond the Company's control. The
Company undertakes no obligation to publicly update or revise any
of the forward-looking statements. For further information,
please refer to the Company's previous periodic filings with the
Securities and Exchange Commission. However, the Company is
no longer a Securities and Exchange Commission reporting company as
of March 16, 2009 and therefore, such
information is not current and circumstances have changed
significantly since the date of such filings.
SOURCE Realty Finance Corporation
Copyright g. 9 PR Newswire
