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CHICAGO-Shareholders with Prime Group Realty Trust, based here, voted overwhelmingly to approve a merger of the company with Five Mile Capital Partners LLC, a Connecticut alternative investment and asset management company. Shareholders cast their votes at a special meeting on Dec. 5 in Chicago.

According to Prime Group’s charter, an affirmative vote of the holders of a majority of the company’s 6.2 million outstanding common shares and at least two-thirds of the company’s 4 million outstanding Series B preferred shares were required to approve the merger. All the common shares of Prime Group voted in favor of the merger, while 2.9 million of the Series B preferred shares voted in favor. File Miles holds 100% of Prime’s outstanding common shares and approximately 65% of the Series B preferred shares. The merger was approved by 97% of the Series B preferred shares and 74% of the total number of issued and outstanding Series B preferred shares.

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