Thompson and REIT board battle over dividend cut

04/16/2013 | InvestmentNews (free registration)

A cut in dividend voted by three independent board members of TNP Strategic Retail Trust is the subject of dispute between the members and Tony Thompson. Thompson traces the dividend cut to "extraordinary expenses" imposed by the directors, an assertion they deny. The Financial Industry Regulatory Authority is investigating Thompson and TNP Securities, the REIT's broker-dealer manager, for failure to produce documents in an inquiry.

View Full Article in:

InvestmentNews (free registration)

Published in Brief: