Tejon Ranch urges shareholders to vote for company’s director nominees

Tejon Ranch (TRC) reminded all Tejon shareholders to vote “FOR” ONLY Tejon’s 10 director nominees on the Company’s WHITE Proxy Card in connection with its Annual Meeting of Shareholders scheduled for May 13, 2025. The company said, “Ahead of tomorrow’s Annual Meeting, you have the opportunity to make a critical decision that impacts our company. Our Board of Directors and executive team have worked to position Tejon for long-term growth and establish a clear path toward strategic value creation. With decades of progress at stake, now is the time to take action to protect your investment. Your vote is important, no matter how many shares you own. Bulldog Investors is attempting to install three unqualified individuals whose experience waging proxy fights at closed-end funds is entirely unrelated to navigating the complicated real estate development process in California. Bulldog has shown an astonishing lack of effort in articulating any credible plan, demonstrating that it will not bring the diligence and thoughtfulness required to support Tejon’s continued growth. Bulldog’s self-serving campaign threatens to derail our work developing true master-planned communities for the benefit of all Tejon stakeholders and the State of California. By contrast, Tejon’s directors bring expertise that is crucial to our business, particularly regarding California’s commercial and residential real estate industry. Our directors have proven that they can successfully execute Tejon’s strategy and are committed to acting in the best interests of our shareholders. Our Board’s leadership and dedication are exactly what Tejon needs to thrive going forward as we enter this critical phase of growth. Independent third parties, including all three leading proxy advisory firms – ISS, Glass Lewis and Egan-Jones – also recognize the deficiencies in Bulldog’s campaign. They all have endorsed Tejon’s 10 director nominees, emphasizing that our Board is best positioned to drive our company forward. Tejon’s nominees have earned the trust and support of state and local leaders because they bring the experience to help shape the region’s future. Time is running out! We urge you to vote TODAY “FOR” ONLY Tejon’s 10 director nominees – Steven A. Betts, Gregory S. Bielli, Denise Gammon, Anthony L. Leggio, Jeffrey J. McCall, Norman J. Metcalfe, Eric H. Speron, Daniel R. Tisch, Michael H. Winer and Kenneth G. Yee – on the Company’s WHITE proxy card. Do not let Bulldog’s short-term agenda disrupt the long-term value we are delivering. The future of Tejon and your investment depends on your vote.”