Friday, 23 December 2016 04:47 PM
NEW YORK, NY / ACCESSWIRE / December 23, 2016 / Tuxis Corporation (OTC PINK: TUXS) today announced that its stockholders voted to approve the sale of its self storage facility located in Clinton, Connecticut, its self storage facility located in Millbrook, New York, and an adjoining 1,875 square foot Millbrook commercial property to Global Self Storage, Inc. (NASDAQ: SELF), a real estate investment trust (REIT) and Tuxis affiliate that owns and operates self storage facilities. Closing of the sale is currently expected to occur on December 30, 2016.
For more information on the sale of the self storage facilities, please see the 2016 proxy materials which can be found at www.tuxis.com.
About Tuxis
Tuxis Corporation is engaged through subsidiaries in self storage and real estate development. Tuxis Self Storage at Heritage Park, Clinton, Connecticut, is a 185 unit self storage facility which offers a mix of standard and climate control units. Tuxis Self Storage at Millbrook Commons, Millbrook, New York, is a mixed use facility consisting of 142 climate control self storage units including wine storage bins and complemented by rental office space. To learn more about our self storage facilities please visit www.tuxisselfstorage.com. To learn more about Tuxis Corporation, including Rule 15c2-11 information, please visit www.tuxis.com.
Cautionary Note Regarding Forward-Looking Statements
Certain information presented in this press release may contain "forward-looking statements" within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements concerning the company’s plans, objectives, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, and other information that is not historical information. In some cases, forward looking statements can be identified by terminology such as "believes," "expects," "estimates," "may," "will," "should," "anticipates" or "intends," or the negative of such terms or other comparable terminology, or by discussions of strategy. All forward-looking statements by the company involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the company, which may cause the company's actual results to be materially different from those expressed or implied by such statements. The company may also make additional forward looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by the company or on its behalf, are also expressly qualified by these cautionary statements. All forward-looking statements, including without limitation, the company's examination of historical operating trends and estimates of future earnings, are based upon the company's current expectations and various assumptions. The company's expectations, beliefs and projections are expressed in good faith and it believes there is a reasonable basis for them, but there can be no assurance that the company's expectations, beliefs and projections will result or be achieved. All forward looking statements apply only as of the date made. The company undertakes no obligation to publicly update or revise forward looking statements which may be made to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Contact:
Tuxis Corporation
Mark C. Winmill
President and Chief Executive Officer
[email protected]
1-212-785-0900, ext. 201
SOURCE: Tuxis Corporation