Oasis Releases Investor Presentation Recommending Changes at Stratus Properties
Austin, Texas, United States:
- Oasis presentation describes how overly tenured Board, poor corporate governance, and failure to execute on strategy have led to underperformance despite a booming Austin real estate market
- Recommends a full portfolio review and increased asset churn to narrow Stratus’ discount to NAVOasis proposes new independent, diverse directors with real estate and public board experience that will hold management accountable and act in the best interests of all shareholders
- Oasis intends to distribute a GOLD Proxy Card to Stratus shareholders
- Full presentation at www.abetterstratus.com
Oasis Management Company Ltd. (“Oasis”) is the manager to a fund that is a significant, long-term shareholder of Stratus Properties Inc. (NASDAQ: STRS) (the “Company” or “Stratus”) that beneficially owns over 13.5% of Stratus’ ordinary shares.
Oasis believes that Stratus can meaningfully improve its performance and increase total shareholder return by developing and executing an effective strategy with improved corporate governance to create genuine accountability.
Today, Oasis has released an investor presentation entitled “A Better Stratus.” The full presentation can be viewed on the homepage of www.abetterstratus.com.
We believe that Stratus has set a preliminary record date of March 19, 2021 for shareholders to vote at the annual meeting based on information obtained from Broadridge. We would therefore like to remind shareholders to recall any shares that may have been re-hypothecated in margin accounts.
All stakeholders are encouraged to contact Oasis at [email protected].
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