Arbitration Panel Declares Corvex/Related Consent Solicitation Invalid

CommonWealth REIT

announced Monday that the Arbitration Panel ruled that the purported consent solicitation to remove the CWH Board of Trustees conducted earlier this year by Corvex Management LP and Related Fund Management, LLC (“Corvex/Related”) “was not properly conducted and cannot be validated.” Adam Portnoy, a Managing Trustee and President of CWH, issued the following statement: “The Board of Trustees and I are pleased that the Arbitration Panel has found the consent solicitation undertaken earlier this year by Corvex/Related to be invalid.” “We remain focused on executing CommonWealth's strategic plan to reposition its portfolio into high value office properties