ISS’s and Glass Lewis’s Reports Reinforce That Tejon’s Existing Directors Are Best Positioned to Protect Shareholder Value  Company Launches VoteForTejon.com TEJON RANCH, Calif., May 05, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE: TRC), (“Tejon” or the “Company”), a diversified real estate development and agribusiness company, today announced that Glass Lewis & Co. (“Glass Lewis”) has joined Institutional Shareholder Services (“ISS”) in recommending that shareholders vote “FOR” ONLY Tejon’s 10 highly-qu ...

Core Viewpoint - Tejon Ranch Co. has received a recommendation from Institutional Shareholder Services (ISS) for shareholders to vote "FOR" its 10 director nominees in the upcoming Annual Meeting of Shareholders on May 13, 2025 [1][3]. Group 1: Company Overview - Tejon Ranch Co. is a diversified real estate development and agribusiness company with a principal asset of 270,000 acres of land located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield [6]. - The company emphasizes the importance of its Board's experience, discipline, and strategic vision in unlocking the value of its land portfolio [2]. Group 2: Shareholder Engagement - ISS's endorsement is seen as a validation of Tejon's Board's capability to protect shareholder value, contrasting with Bulldog Investors' nominees, which are viewed as a risk to the company's long-term success [3][8]. - Tejon urges shareholders to follow ISS's recommendation by voting "FOR" only its 10 nominees on the WHITE proxy card and to withhold votes from Bulldog's nominees [3]. Group 3: Proxy Voting Information - Shareholders are encouraged to vote by internet or mail using the instructions provided on the WHITE proxy card, emphasizing the importance of every vote regardless of the number of shares owned [4]. - Tejon has filed a definitive proxy statement and WHITE proxy card with the SEC in connection with its solicitation of proxies for the 2025 Annual Meeting of Shareholders [10].

Bulldog’s Apparent Lack of Understanding of Tejon’s Business Risks Significant Value Destruction at Tejon Urges Shareholders to Vote “FOR” ALL of Tejon Ranch’s 10 Highly Qualified Director Nominees on the WHITE Proxy Card TEJON RANCH, Calif., May 01, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC), (“Tejon” or the “Company”), a diversified real estate development and agribusiness company, today announced that it has mailed a letter to shareholders in connection with its upcoming Annual Meeting of Shareh ...

TEJON RANCH, Calif., May 01, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC), (“Tejon” or the “Company”), a diversified real estate development and agribusiness company, today announced that it will participate at Oppenheimer’s 20th Annual Growth Conference (virtual format) on Tuesday, May 6, 2025. Tejon’s new President & CEO Matthew Walker is scheduled to present at 12 PM ET on May 6th. A webcast of the presentation, as well as a 90-day replay, will be available at the following webcast link: TRC Prese ...

ASHBURN, Va., April 30, 2025 (GLOBE NEWSWIRE) -- Harvey Capital, a holder of 5,531 shares of Tejon Ranch Co., has issued a letter to shareholders of Tejon Ranch Co. (NYSE: TRC), strongly urging them to vote FOR the nominees proposed by Bulldog Investors at the upcoming Annual Meeting on May 13, 2025. The letter asserts that the current board of directors has been ineffective at delivering a meaningful increase in share price for several decades, underscoring the need for a change in leadership and strategic ...

Tejon’s Board Continues to Take Decisive Strategic Steps to Drive the Company’s Growth at Tejon Ranch Commerce Center and is Uniquely Positioned to Advance the Value of its Master-Planned Communities Urges Shareholders to Vote “FOR” Only Tejon’s Highly Qualified Director Nominees on the Company’s WHITE Proxy Card TODAY TEJON RANCH, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC), (“Tejon” or the “Company”), a diversified real estate development and agribusiness company, today filed an ...

Core Viewpoint - Tejon Ranch Co. urges shareholders to vote exclusively for its own director nominees on the WHITE proxy card, emphasizing that Bulldog Investors' campaign poses risks to the company's long-term value and shareholder interests [1][2][3]. Company Strategy and Performance - Tejon Ranch has a proven history of success in real estate development and securing land use entitlements, which is crucial for maximizing the value of its unique assets [7][10]. - The company has successfully generated over $110 million in cumulative cash flow from its Tejon Ranch Commerce Center (TRCC) through strategic planning and execution [11]. - Tejon has reduced discretionary land use entitlement spending by 38% over the past five years, demonstrating prudent capital allocation while maintaining low debt levels [12]. Risks of Bulldog Investors' Nominees - Bulldog Investors' nominees lack meaningful experience in real estate and California-specific regulations, which are essential for overseeing Tejon's complex operations [4][6]. - Bulldog's focus on short-term gains could jeopardize the long-term value created by Tejon's strategic investments in master planned communities (MPCs) [14]. Importance of Shareholder Vote - The company emphasizes the importance of shareholder votes in maintaining its strategic direction and protecting long-term investments against Bulldog's short-sighted approach [3][15]. - Tejon's Board believes that electing its recommended nominees is critical for continuing the company's value creation strategy and ensuring future returns for shareholders [13][16].

Group 1 - TRC Capital Investment Corporation has amended its tender offer for Ingersoll Rand Inc., reducing the offer price from US$77.50 to US$65.25 per share [1] - The tender offer will expire on April 23, 2025, at 11:59 p.m. New York City time, unless extended [1] - As of April 8, 2025, only 200 shares had been tendered [2] Group 2 - TRC will accept and pay for all shares validly tendered before the expiration date, provided they are not withdrawn [3] - Stockholders who have already tendered their shares will receive the new offer price of US$65.25 per share without needing to take further action [4] - TRC has updated its tender offer materials to reflect the new offer price and other relevant changes [4]

Files Definitive Proxy Materials and Mails Letter to Shareholders Urges Shareholders to Vote “FOR” Only Tejon’s Highly Qualified Director Nominees on the WHITE Proxy Card TODAY TEJON RANCH, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC), (“Tejon” or the “Company”), a diversified real estate development and agribusiness company, today filed definitive proxy materials with the Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders (the “Annual ...

DAVIDSON, N.C., March 31, 2025 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life sciences and industrial solutions, today announced that it received notice of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,500,00 shares of Ingersoll Rand's common stock at $77.50 per share. The offer price is approximately 4.27% below the closing price of the company's common stock on The New York Stock ...