Congratulates clients FrontFour Capital Group LLC, Sandpiper Group, and PointNorth Capital Inc. on their significant proxy fight wins
TORONTO, June 21, 2017 /CNW/ - Kingsdale Advisors, the leading advisor to public companies on all shareholder, governance, transaction, communications, and proxy fight related matters, congratulates clients FrontFour Capital Group LLC and Sandpiper Group for their proxy fight win at Granite Real Estate Investment Trust, and PointNorth Capital Inc. for their proxy fight win at Liquor Stores N.A. Ltd.
"For Kingsdale and our clients winning is everything. Since our firm was founded in 2003, we have been driven to innovate and provide our clients with best-in-class services for all shareholder related matters, setting a new standard in the industry for consistent results and big wins," said Wes Hall, Executive Chairman and Founder of Kingsdale Advisors. "All advisors are not created equal. There is a big difference between proxy firms who simply dial shareholders and hope for the best and Kingsdale who acts as a strategic advisor working collaboratively with the entire advisory team to design breakthrough strategies for the most complex challenges, providing superior execution and hands-on shareholder interaction. As our track record has proven we are as invested in the outcome of a proxy fight as our client, providing increased clarity of outcome."
Both FrontFour's and PointNorth's proxy fights presented specific circumstances that required the unique expertise Kingsdale's multidisciplinary team provides and demonstrates Kingsdale's strategic advantage over competitors.
Granite REIT's shareholder base was significantly institutional which meant the support of Institutional Shareholder Services (ISS) and Glass Lewis would have a meaningful impact on the outcome. Kingsdale's industry leading governance team, co-headed by Victor Guo, former Vice President of M&A and Proxy Contest Research for ISS' U.S. and Canadian special situations research teams, and Victor Li, who previously led the ISS Canadian Mergers and Acquisitions and Proxy Fight research team, were instrumental in the design of a strategy that resulted in ISS and Glass Lewis making precedent setting recommendations to replace Granite REIT's Chairman, Vice Chairman, and Compensation Committee Chairman with FrontFour's nominees. Together, Mr. Guo and Mr. Li have led, analyzed, and provided vote recommendations on over 150 North American proxy contests, 2000 M&A transactions, and reviewed over 1000 shareholder rights plans.
PointNorth confronted a Liquor Stores N.A. shareholder base that was heavily retail and who simply did not vote, with just an 11% turnout at the last annual meeting. By leveraging our team of industry professionals, particularly in the area of strategic communications coupled with our in-house call centre, shareholder participation was maximized resulting in the election of all six of PointNorth's nominees to the board.
"While Kingsdale's work on proxy fights garners the most headlines and has been key to solidifying our dominant market position, it is Kingsdale's role as an ongoing trusted advisor to management and boards that has established us as the most capable firm in North America on annual and special meeting governance matters," said Amy Freedman, Chief Executive Officer of Kingsdale Advisors. "The world of corporate governance and activism continues to evolve and our team continues to enhance its capabilities to anticipate the changing needs of our clients as they strive to enhance value."
This year Kingsdale is proud to have worked with over 50 annual meeting clients across North America including some of North America's most respected companies.
About Kingsdale Advisors:
With offices in Toronto and New York, Kingsdale Advisors is the leading advisor to public companies on all shareholder, governance, and transaction related matters having acted on the largest and highest profile proxy fights, transactions, and other special situations. Since 2003, public companies across North America have looked to the expertise of Kingsdale Advisors to secure the success of transactions or resolutions driven by shareholder votes. Kingsdale Advisors' multidisciplinary team offers an array of specialized services focused on strategic and defensive advisory, governance advisory and proxy analytics, strategic communications, and voting analytics.
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SOURCE Kingsdale Advisors
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