Oasis Files Definitive Proxy Statement and Issues Letter to Stratus Shareholders
Austin, Texas, United States:
- New Letter Highlights Incumbent Board’s Failure to Hold Management Accountable for Totally Disregarding Five Year Plan
- Recommends a Full Portfolio Review and Increased Asset Churn to Narrow Stratus’ Discount to NAV
- Oasis Proposes New Exceptional Nominees to Hold Management Accountable
- Urges Shareholders to Vote on the GOLD Proxy Card for the Oasis Nominees
- All materials are available at www.abetterstratus.com
Oasis Management Company Ltd. (“Oasis”) is the manager to a fund that is a significant, long-term shareholder of Stratus Properties Inc. (NASDAQ: STRS) (the “Company” or “Stratus”) that beneficially owns over 13.5% of Stratus’ ordinary shares.
Oasis today released a letter to Stratus shareholders urging them to vote on the GOLD proxy card for the highly qualified and independent Oasis director nominees. The letter highlights missteps and counters false and misleading statements circulated by the Company. The letter describes how Stratus’ share price underperformance is a direct result of broken promises and defensive actions which have destroyed shareholder value.
Oasis encourages its fellow shareholders to read the letter, as well as its other letters and presentation which can be viewed on the homepage of www.abetterstratus.com.
All stakeholders are encouraged to contact Oasis at [email protected].
About Oasis Management Company Ltd.
Oasis Management Company Ltd. manages private investment funds focused on opportunities in a wide array of asset classes across countries and sectors. Oasis was founded in 2002 by Seth H. Fischer, who leads the firm as its Chief Investment Officer. More information about Oasis is available at https://oasiscm.com.
Important Information
Oasis Management Company Ltd., Seth Fischer, Ella Benson, Laurie L. Dotter and Jaime Eugenio De la Garza Diaz (collectively, the “Participants”) have filed with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement and accompanying form of GOLD proxy card to be used in connection with the solicitation of proxies from the shareholders of Stratus Properties Inc. (the “Company”). All shareholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies by the Participants as they contain important information, including additional information related to the Participants. The definitive proxy statement and an accompanying GOLD proxy card will be furnished to some or all of the Company’s shareholders and is, along with other relevant documents, available at no charge on Oasis’ campaign website at https://www.abetterstratus.com/ and the SEC website at http://www.sec.gov/. Information about the Participants and a description of their direct or indirect interests by security holdings is contained in the definitive proxy statement filed by the Participants with the SEC on April 14, 2021. This document will be available free of charge from the source indicated above
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