Franklin Street Properties Corp. to Hold its 2020 Annual Meeting of Stockholders Virtually on May 28, 2020

WAKEFIELD, Mass.--()--Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP), a real estate investment trust (REIT), announced today that its upcoming 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will be postponed until Thursday, May 28, 2020 at 11:00 a.m., Eastern Time, and will now be held in a virtual-only format. The Annual Meeting was originally scheduled to take place on Thursday, May 14, 2020 at 11:00 a.m., Eastern Time, at the Four Points by Sheraton Wakefield Boston Hotel & Conference Center in Wakefield, Massachusetts.

Due to the continuing public health impact of the novel coronavirus (COVID-19) pandemic, on April 28, 2020, Massachusetts Governor Charlie Baker extended his previous order requiring the closure of all non-essential businesses in the Commonwealth of Massachusetts from May 4, 2020 to May 18, 2020. In consideration of the Governor’s April 28, 2020 order extending the closure of all non-essential businesses to May 18, 2020 and to support the health and well-being of our stockholders, directors, employees and the greater community, the location of the Annual Meeting has been changed to a virtual-only meeting format and the date of the Annual Meeting has been postponed to Thursday, May 28, 2020 at 11:00 a.m., Eastern Time. Stockholders will be able to participate, ask questions and vote at the Annual Meeting. In addition, a representative of the Company’s auditor, Ernst & Young LLP, will also attend the virtual Annual Meeting and will be available to answer questions at that time. We expect to resume our in-person stockholder meetings next year.

Stockholders as of the close of business on March 2, 2020, the record date for the Annual Meeting, who wish to attend the Annual Meeting must register by 11:59 p.m., Eastern Time, on May 25, 2020 at: http://viewproxy.com/franklinstprop/2020/.

Please refer to the 2020 Annual Meeting FAQs on the registration page for further registration instructions and technical support. Once registered, you may participate in and vote at the Annual Meeting by following the instructions provided in the email confirming your registration.

Whether or not you plan to attend the Annual Meeting, we urge you to authorize your proxy to vote in advance of the meeting by one of the methods described in the proxy materials for the Annual Meeting. The proxy card or voting instruction form included in any hard copies of the proxy materials will not be updated to reflect the postponement and change in location and may continue to be used to vote your shares in connection with the Annual Meeting.

About Franklin Street Properties Corp.

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income. FSP is a Maryland corporation that operates in a manner intended to qualify as a real estate investment trust (REIT) for federal income tax purposes. To learn more about FSP please visit our website at www.fspreit.com.

Forward-Looking Statements

Statements made in this press release that state FSP’s or management’s intentions, beliefs, expectations, or predictions for the future may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may also contain forward-looking statements based on current judgments and current knowledge of management, which are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Investors are cautioned that our forward-looking statements involve risks and uncertainty. See the “Risk Factors” set forth in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2019, as the same may be updated from time to time in subsequent filings with the United States Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

Contacts

For Franklin Street Properties Corp.
Georgia Touma, 877-686-9496

Contacts

For Franklin Street Properties Corp.
Georgia Touma, 877-686-9496