BHR - BRAEMAR HOTELS & RESORTS LAUNCHES EXPEL BLACKWELLS WEBSITE | Benzinga
Introduces www.ExpelBlackwells.com to Provide Shareholders the Facts About Blackwells' Misleading and Confusing "Campaign" to Defame Braemar
Braemar Remains Committed to Acting in the Best Interests of All Shareholders to Maximize Value
Encourages Shareholders to Ignore the Noise and Discard the White Proxy Card
DALLAS, June 11, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced the launch of www.ExpelBlackwells.com, in connection with Braemar's 2024 Annual Meeting of Stockholders scheduled to be held on Tuesday, July 30, 2024 (the "2024 Annual Meeting"). The website provides important information regarding "activist" investor Blackwells Capital LLC's ("Blackwells") misinformation campaign against Braemar, including on the backgrounds of Blackwells' hand-picked, purported nominees and its continued attempts to mislead shareholders.
Monty J. Bennett, Founder & Chairman of Braemar, stated: "We take our responsibility to protect the best interests of our shareholders extremely seriously. That is why we have launched this resource to help our shareholders get the facts about Blackwells and its "campaign" – which from the start has been defined by smear tactics and personal attacks. We believe all of this is intended to distract shareholders from Blackwells' true objective of taking over the Braemar Board of Directors without paying a control premium. Blackwells – and its founder Jason Aintabi – have a history of running misguided, unsuccessful efforts to pressure target companies into doing what Blackwells wants. We encourage shareholders to make sure this doesn't happen to Braemar by ignoring the noise and helping Expel Blackwells."
The Company reminds shareholders to disregard any proxy materials received from Blackwells in connection with the 2024 Annual Meeting as the Company has determined their nominations have not met the minimum Company requirements and will not be considered.
Visit www.ExpelBlackwells.com to learn more.
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.
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