American Community Properties Trust (AMEX: APO) has received shareholder approval for the merger with FCP/ACPT Acquisition Company, Inc., a wholly owned subsidiary of FCP Fund I, L.P. The announcement was made following a Special Meeting of Shareholders, where a quorum was present. The holders of about 77.1% of the outstanding common shares of the company voted in favor of the merger. Shareholders had also voted to approve an amendment to the company's Amended and Restated Declaration of Trust.
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About American Community Properties Trust
The Company is a diversified real estate organization with operations in Maryland and Puerto Rico that specializes in community development, homebuilding, investment in rental properties, and asset management services. The Company is currently listed on the NYSE Amex under the symbol APO. Further information about the Company is available on the Internet at www.acptrust.com.
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