American Strategic Investmen announced that it has filed with the Securities and Exchange Commission a Solicitation/Recommendation Statement on Schedule 14D-9 and Letter to Stockholders dated May 21 regarding the tender offer commenced by Bellevue Capital Partners on May 7 to purchase up to 125,000 shares of the Company’s Class A common stock at a price of $9.25 per share. The Company’s board of directors has made no determination of the fairness of the Tender Offer or whether it is in the best interests of stockholders, makes no recommendation and is neutral as to whether stockholders should accept or reject the offer to tender their shares. The Company urges each stockholder to review the Schedule 14D-9 and the accompanying Letter to Stockholders as well as the tender offer materials sent by Bellevue and to make its own decision regarding the Tender Offer based on the available information. The Tender Offer will expire at 5:00 PM, New York City time, on July 5 unless extended or earlier terminated by Bellevue.
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