DALLAS--(BUSINESS WIRE)--Railroad Ranch Capital Management LP ("Railroad Ranch" or “we”), today announced that it will vote 100% of its shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) on the GREEN Proxy Card in support of IsZo Capital Management LP’s (“IsZo”) six director candidates.
Railroad Ranch, stated:
“Railroad Ranch has been a Nam Tai shareholder since 2017 and has had many conversations with the Board of Directors as well current and former management regarding our concerns with unsatisfactory governance and performance. Though we have long believed that fresh perspectives in the boardroom are required to properly protect shareholder interests, this became all the more apparent when Nam Tai attempted to prevent shareholder-driven change by executing a dilutive private placement last October. We believe shareholders expect and deserve a Board that will act in the best interests of all shareholders, which is why we intend to vote all of our shares on the GREEN Proxy Card in support of the IsZo slate at the Company’s upcoming Special Meeting.”
About Railroad Ranch Capital Management
Railroad Ranch Capital Management, LP is a Dallas-based private investment firm.
This press release is not a proxy statement or a solicitation of proxies from the holders of common shares of Nam Tai Property Inc. and does not constitute an offer of any securities.