Irenic Applauds Equity Commonwealth's Decision to Heed Shareholder Feedback and Pursue a Liquidation

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07/31/2024 - 10:55 AM

NEW YORK--(BUSINESS WIRE)-- Irenic Capital Management, LP, one of the top shareholders of Equity Commonwealth (NYSE: EQC) (“EQC” or the “Company”), today issued the following statement regarding the Company’s decision to pursue a liquidation following shareholder feedback:

"We commend Equity Commonwealth's Board and its management team for making the difficult but correct decision to recommend a liquidation. At the risk of being too subtle: we're pleased."

About Irenic

Irenic Capital Management, LP is an investment management firm founded by Adam Katz and Andy Dodge. Based in New York City, Irenic works collaboratively with publicly traded companies to ensure operating activities, capital deployment and management incentives are all aligned to create value for the company and its owners. For more information about Irenic, please visit www.irenicmgmt.com.