Prime Group Realty Trust Releases Proxy Statement for the Special Meeting of Common and Series B Pre

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Prime Group Realty Trust Releases Proxy Statement for the Special Meeting of Common and Series B Preferred Shareholders to Be Held on December 5, 2012

CHICAGO--(BUSINESS WIRE)-- Prime Group Realty Trust (OTC PINK: PMGEP) (the "Company") announced today that the Proxy Statement (the "Proxy Statement") for the special meeting (the "Special Meeting") of the holders of the Company's Common Shares of Beneficial Interest (the "Common Shares") and 9% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest (the "Series B Preferred Shares") to be held on December 5, 2012 has been posted on the Company's website and is also available through OTC Pink's website. The Proxy Statement can be accessed by (i) visiting the Company's website at www.pgrt.com, (ii) clicking on the "Investors" tab at the top right-hand side of the Company's website, (iii) clicking on the "Proxy" tab on the left hand side of the next page, and (iv) then, clicking on the "2012 Proxy Statement" icon. The Proxy Statement may also be found by (i) visiting the OTC Pink website at www.otcmarkets.com, (ii) typing in the Company's trading symbol "PMGEP" in the "Get Quote" box in the upper left hand of the OTC Pink website, (iii) clicking on the "Filings and Disclosure" tab, and (iv) selecting "Proxy Statement." The Proxy Statement will also be promptly mailed to the holders of the Series B Preferred Shares.

The purpose of the Special Meeting is to approve the previously announced merger of the Company with an affiliate of Five Mile Capital Partners LLC ("Five Mile"), a privately held alternative investment and asset management company. Pursuant to the merger agreement, Five Mile has agreed to acquire the balance of the Series B Preferred Shares not owned by Five Mile affiliates for $5.25 in cash per share, subject to the approval by the holders of a majority of the Common Shares and at least 2/3rds of the Series B Preferred Shares. Currently, affiliates of Five Mile own approximately 65%, or 2,616,308 of the 4,000,000 issued and outstanding Series B Preferred Shares and all of the Company's Common Shares.


About Prime Group Realty Trust

Prime Group Realty Trust is a self-administered and self-managed real estate investment trust (REIT) which owns, manages, leases, develops and redevelops office and industrial real estate in metropolitan Chicago. The Company currently owns 1 office property containing an aggregate of 167,756 net rentable square feet and interests in one joint venture that owns one office property comprised of approximately 1.14 million net rentable square feet. The Company leases and manages approximately 1.31 million square feet comprising all of its wholly-owned properties and its 330 N. Wabash Avenue joint venture property. For more information about Prime Group Realty Trust, contact the Company's Chicago headquarters at (312) 917-1300 or visit its website at www.pgrt.com.

About Five Mile Capital Partners

Five Mile Capital Partners LLC is an alternative investment and asset management company established in 2003. The firm specializes in investment opportunities in real estate, debt products, structured finance, asset-based lending and financial services private equity. Five Mile's Principals have significant experience, knowledge and skills relevant to the financial services industry and believe the cyclical and dynamic nature of the sector continually provides a broad opportunity for investments across the capital structure. The Firm's headquarters are based in Stamford, Connecticut with an office in New York City. Five Mile has approximately $2 billion in assets under management. For more information, visit www.fivemilecapital.com.

Notice To Investors

SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT WHEN IT IS RECEIVED BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. This communication is not a solicitation of a proxy from any security holder of Prime Group Realty Trust.

The proxy statement and other documents may also be obtained for free from Prime Group Realty Trust's website at www.pgrt.com under the Investors tab or by directing such request to Prime Group Realty Trust, Attention: Investors Relations, 330 North Wabash Avenue, Suite 2800, Chicago, Illinois 60611.

Prime Group Realty Trust's trustees, officers and employees may be deemed to be participants in the solicitation of proxies from its shareholders in connection with the proposed merger. Information concerning the interests of Prime Group Realty Trust's participants in the solicitation is set forth in the proxy statement relating to the merger.

This press release contains certain forward-looking statements which involve known or unknown risks, uncertainties or other factors not under the Company's control which may cause the actual results, performance or achievement of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements.



Prime Group Realty Trust
Jeffrey A. Patterson, 312-917-1300
Chairman, President and CEO
or
Five Mile Capital Partners LLC
James Glasgow, 203-905-0950
Managing Director

KEYWORDS:   United States  North America  Illinois

INDUSTRY KEYWORDS:

The article Prime Group Realty Trust Releases Proxy Statement for the Special Meeting of Common and Series B Preferred Shareholders to Be Held on December 5, 2012 originally appeared on Fool.com.

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