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No. of Recommendations: 3

While I do not own LXP personally, it is my mother's 4th or 5th largest position.

The way I read it, Land/Build at this time have only nominated two people for LXP's board.

Beyond the obvious that they want to make money, I am unsure what Land/Build is up to. What are their specific plans?

Since LXP cut its dividend a few years back, its share price has done well. I believe LXP's management has done a good job over the last 3 +/- years, so I question both what Land/Build is up to as well as question whether they will succeed.

These days, with the concentration of institutional ownership, a very few holders carry substantial power in such votes. I question whether they will be successful, unless they have a few large institutional holders in their corner.

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