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FSP 50 SOUTH TENTH STREET CORP FILES (8-K) Disclosing Other Events

June 10, 2014



Item 8.01. Other Events.

On May 23, 2014, MacKenzie Realty Capital, Inc. and MacKenzie Capital Management, LP made an offer (the "Tender Offer") to purchase up to 10 shares of Preferred Stock of FSP 50 South Tenth Street Corp. (the "Company"), or approximately 1.4% of the outstanding shares of Preferred Stock, for a purchase price equal to $75,000.00 per share of Preferred Stock, less the amount of any dividends made with respect to the Preferred Stock after May 14, 2014.

The Company has decided to remain neutral as to the Tender Offer and is expressing no opinion as to whether holders of its Preferred Stock should accept or reject the Tender Offer, as set forth in the notice to shareholders attached hereto as Exhibit 99.1 in accordance with the Company's obligations under Rule 14e-2 of the Securities Exchange Act of 1934, as amended.

Forward-Looking Statements



Statements made in this Current Report and Exhibit hereto that state the Company's or the Company's management's intentions, beliefs, expectations, or predictions for the future may be forward-looking statements. This Current Report and Exhibit hereto may also contain forward-looking statements based on current judgments and current knowledge of management of the Company, which are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Readers are cautioned that the Company's forward-looking statements involve risks and uncertainty, including without limitation, disruptions in the debt markets, changes in economic conditions, risks of a lessening of demand for the type of real estate owned by the Company, changes in government regulations, and expenditures that cannot be anticipated such as utility rate and usage increases, unanticipated repairs, additional staffing, insurance increases and real estate tax valuation reassessments. Although the Company believes the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. The Company will not update any of the forward-looking statements after the date of this Current Report to conform them to actual results or to changes in the Company's expectations that occur after such date, other than as required by law.


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Source: Edgar Glimpses


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