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New York REIT: Proxy advisers recommend shareholders support liquidation plan

Independent proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co. recommended that New York REIT stockholders vote in favor of the company's proposed liquidation and dissolution plan, according to the company.

New York REIT, which itself also urged its stockholders to vote in favor of the plan, has scheduled a special stockholder meeting for Jan. 3, 2017.