MacKenzie Capital Management and MacKenzie Realty Capital, Inc. Announce a Higher Price and Extended Expiration Date of Their Tender Offers for Series 250, Series 60, and Series ES OP Units of Empire State Realty OP, LP. (NYSE Arca: FISK, NYSE Arca: OGCP, NYSE Arca: ESBA)
Marketwire - Wed May 28, 2:46PM CDT
Certain Purchasers affiliated with MacKenzie Capital Management, LP and MacKenzie Realty Capital, Inc. (which are identified in the tender offers) have announced a NEW HIGHER PRICE OF $14 PER UNIT for Series 60, Series ES OP Units, and Series 250 OP Units of Empire State Realty OP, LP (NYSE Arca: OGCP) (NYSE Arca: ESBA) and (NYSE Arca: FISK). The Purchasers are offering to purchase up to 200,000 Series ES, 200,000 Series 60, and 100,000 Series 250, OP Units for $14.00 per Share. All three Series of OP Units are exchangeable for shares of Empire State Realty Trust, Inc. (NYSE: ESRT) on a 1:1 basis on or about October 1, 2014. The Purchasers have reduced the number of Units they are offering to purchase given the response rate.