LOS ANGELES, Jul 30, 2012 (BUSINESS WIRE) --MPG Office Trust, Inc. (NYSE: MPG), a Southern California-focused real
estate investment trust, today announced that, at its Annual Meeting of
Stockholders held July 27, 2012, the Company's common stockholders voted
to elect its six director-nominees, Christine N. Garvey, Michael J.
Gillfillan, Joseph P. Sullivan, George A. Vandeman, Paul M. Watson and
David L. Weinstein, to serve until the 2013 Annual Meeting and until
their successors are duly elected and qualify. The Series A preferred
stockholders voted to elect its two director-nominees, Robert M.
Deutschman and Edward J. Ratinoff, to serve a one-year term and until
their successors are duly elected and qualify. Additionally, the
stockholders adopted a resolution approving the compensation of certain
executives of the Company, and ratified the selection of KPMG LLP as the
Company's independent registered public accounting firm for the fiscal
year ending December 31, 2012.
About MPG Office Trust, Inc.
MPG Office Trust, Inc. is the largest owner and operator of Class A
office properties in the Los Angeles Central Business District.
MPG Office Trust, Inc. is a full-service real estate company with
substantial in-house expertise and resources in property management,
leasing and financing. For more information on MPG Office Trust, visit
our website at www.mpgoffice.com.
Business Risks
This press release contains forward-looking statements based on current
expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ
materially. These risks and uncertainties include, without limitation:
risks associated with our liquidity situation, including our failure to
obtain additional capital or extend or refinance debt maturities; risks
associated with our failure to reduce our significant level of
indebtedness; risks associated with the timing and consequences of loan
defaults and non-core asset dispositions; risks associated with our loan
modification and asset disposition efforts, including potential tax
ramifications; risks associated with our ability to dispose of
properties with potential value above the debt, if and when we decide to
do so, at prices or terms set by or acceptable to us; general risks
affecting the real estate industry (including, without limitation, the
inability to enter into or renew leases at favorable rates, dependence
on tenants' financial condition, and competition from other developers,
owners and operators of real estate); risks associated with the
continued disruption of credit markets or a global economic slowdown;
risks associated with the potential loss of key personnel (most
importantly, members of senior management); risks associated with joint
ventures; risks associated with our failure to maintain our status as a
REIT under the Internal Revenue Code of 1986, as amended, and possible
adverse changes in tax and environmental laws; and potential liability
for uninsured losses and environmental contamination.
For a further list and description of such risks and uncertainties, see
our Annual Report on Form 10-K filed on March 15, 2012 with the
Securities and Exchange Commission. The Company does not update
forward-looking statements and disclaims any intention or obligation to
update or revise them, whether as a result of new information, future
events or otherwise.
SOURCE: MPG Office Trust, Inc.
MPG Office Trust, Inc.
Peggy M. Moretti
Executive
Vice President, Investor and Public Relations
213-613-4558