First Real Estate Investment Trust of New Jersey Approves Liquidation

What Happened

• First Real Estate Investment Trust of New Jersey, Inc. (FREVS) held a Special Meeting of stockholders on September 29, 2026 and the holders approved a Plan of Voluntary Liquidation providing for the wind-up and complete liquidation of the Trust, including sale of all assets or transfer to a liquidating trust and dissolution.
• The Plan vote tally was 5,085,293 votes for, 6,503 against, and 22,260 abstentions. An adjournment proposal was also voted on (4,871,887 for; 207,213 against; 34,956 abstentions) but not used because the Plan already had sufficient votes.
• The Trust announced a preliminary liquidating distribution of $0.20 per share, payable October 29, 2026 to stockholders of record as of October 14, 2026.

Key Details

• Special Meeting date: September 29, 2026.
• Plan vote: 5,085,293 For; 6,503 Against; 22,260 Abstentions.
• Liquidating distribution: $0.20 per share, payable October 29, 2026 to holders of record on October 14, 2026.
• Plan contemplates sale of assets or transfer to a liquidating trust and dissolution of the Trust.

Why It Matters

• Approval of the Plan means FREVS will wind down operations and distribute proceeds to shareholders; the announced $0.20/share payment is an initial liquidating distribution but further distributions and timing may change.
• The filing warns actual liquidation proceeds and timing can be materially affected by market conditions, transaction costs, tenant performance, unresolved liabilities, or a conversion to a liquidating trust—so final amounts and dates may differ.
• Shareholders should monitor future SEC filings and company notices for updates on additional distributions, sale/transfer of assets, and the final wind-up process.