ATLANTA–(BUSINESS WIRE)–#Adidas–UC Asset (OTCQX: UCASU), a real estate investment and redevelopment company, announced that it will postpone its annual shareholder meeting to a date and time undecided, due to procedure issues.
The reason, according to Greg Bankston, managing partner UC Asset, is that some procedural measures required by SEC will take more time to fulfill under the circumstance of COVID-19 pandemic.
“We were too optimistic about how quickly we could assemble the mandatory paperwork needed to hold the annual meeting, but the pandemic slowed everything down,” explains Bankston.
Management will announce a new date and time for the shareholder meeting once the procedural measures are taken care of. Management is confident the new date will be no later than the end of September.
The Record Date, by which one must be a shareholder on record to be eligible to attend the shareholder meeting, will also be reset to September 3, 2020.
On a separate note, the company announced it will present a LIVE presentation on its new business strategy at VirtualInvestorConferences.com on September 24th, 11:30am to 12pm ET
The company invites individual and institutional investors, as well as advisors and analysts, to attend this real-time, interactive presentation. Link to the presentation is: https://bit.ly/31yI3Qk
During the presentation investors are invited to ask questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register via the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate for development and redevelopment, concentrating in metropolitan areas of Atlanta, GA and Dallas, TX. For more information about UC Asset, please visit: www.ucasset.com
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
Christal Jordan | Investor Relations Director, UC Asset LP
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