American Land Lease, Inc.'s Stockholders Approve Merger with Green Courte Partners.CLEARWATER, Fla. -- American Land Lease, Inc. ("ANL ANL - Argonne National Laboratory ") today announced that its common stockholders approved the previously announced merger of an affiliate of Green Courte Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Chicago-based private equity investment firm (such affiliate, "Green Courte Partners") with and into ANL at the special meeting of stockholders held today in Chicago, Illinois. The closing of the merger occurred following the special meeting. Each share of ANL's 7.75% Series A Cumulative Redeemable Redeemable Eligible for redemption under the terms of an indenture. Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. issued and outstanding immediately prior to the effective time of the merger will remain outstanding as a share of 7.75% Series A Cumulative Redeemable Preferred Stock of ANL having the same powers, rights and preferences. As a result of the merger, 100% the common stock of ANL is owned by an affiliate of Green Courte Partners, LLC. About Green Courte Partners Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm focused primarily on the ownership and operation of manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected communities, retail and mixed-use properties, and parking assets. Green Courte Partners, LLC combines focused investment strategies with a disciplined approach to transaction execution and asset management with a goal of generating attractive risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. over a long-term holding period. For more information visit www.GreenCourtePartners.com. About ANL American Land Lease, Inc. is a Clearwater, Florida-based real estate investment trust that owns, develops and manages residential land lease communities primarily serving active adults. With over 10,000 home sites in 30 communities located primarily in Florida, Arizona and Alabama, ANL is committed to providing affordable, free-spirited retirement living for active adults. For more information, visit www.americanlandlease.com. |
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