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Behringer Harvard Opportunity REIT I shareholders OK liquidation plan

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Behringer Harvard Opportunity REIT I shareholders OK liquidation plan

Behringer Harvard Opportunity REIT I Inc.'s shareholders approved the company's liquidation and dissolution plan at its reconvened annual shareholder meeting Jan. 30.

According to a filing, 31,523,532 votes were in favor of the plan, 1,755,004 were against it, 1,314,569 abstained and 4,471,278 were broker nonvotes.

Under the plan, the company will sell all of its assets, dissolve and distribute the net proceeds to stockholders.

Also approved at the meeting was the company's proposed charter amendment to exclude the distribution of interests in a liquidating trust from the definition of a roll-up transaction.