SHORT HILLS, N.J.--(BUSINESS WIRE)--Esopus Creek Value Series Fund LP, the beneficial owner of approximately 8.5% of the outstanding shares of the 8.25% Series “A” Cumulative Redeemable Preferred Shares of Eagle Hospitality Properties Trust Inc. (“Eagle” or “Company”), today announced that it released an open letter to all preferred shareowners of Eagle concerning the Company’s upcoming April 12, 2011 annual shareholder meeting to elect directors.
Dear Fellow Preferred Shareholders:
Esopus Creek Value Series Fund LP (“Esopus”) is a beneficial holder of approximately 8.5% of the outstanding shares of the 8.25% Series “A” Cumulative Redeemable Preferred Shares (“Preferred Shares”) of Eagle Hospitality Properties Trust Inc. (“Eagle” or “Company”).
Eagle recently announced that the Company is holding its annual shareholder meeting in New York City on Tuesday, April 12, 2011. We invite you to review the Company’s March 1, 2011 press release which can be found on their website at www.eaglehospitality.com.
Holders of the Preferred Shares will be permitted to elect two (2) additional directors to the Board of Directors of Eagle at the April 12th meeting.
Esopus strongly urges ALL holders of the Preferred Shares to attend this important meeting and to exercise your legal rights to elect the additional directors. Esopus is reserving its right to nominate 2 directors at the upcoming meeting.
If a broker or bank holds your Eagle preferred shares for you, you should immediately request that your institution issue you a PROXY so that you can attend this shareholder meeting AND VOTE your shares accordingly. This step is VERY important if you wish to exercise your right to vote for the election of two additional directors.
If you have any questions, please feel free to contact us at (973) 847-5904 or you may write to us at Esopus Creek Value Series Fund LP, 150 JFK Parkway, Suite 100, Short Hills, NJ 07078.
Respectfully Submitted,
Andrew L. Sole
Managing Member
Esopus Creek Advisors LLC