NEW YORK, July 28, 2014 /PRNewswire/ -- Fir Tree Partners, a major investor in American Realty Capital Properties, Inc. (NASDAQ: ARCP) with a long history of collaborating with management teams to enhance shareholder value, today praised the corporate governance changes announced by ARCP and issued the following statement:

"We commend the ARCP Board's commitment to enhancing independence, aligning incentives, and increasing shareholder franchise. The Board's decision to opt out of the Maryland Unsolicited Takeover Act (MUTA) is an important step to protect shareholder interests that very few REITs have taken. Now the entire Board will face a shareholder vote at each annual meeting and Directors will not be able to classify the Board without shareholder approval.

ARCP trades at a substantial discount to its peers. With these governance changes, the Board has demonstrated its desire to close this valuation discount and hold itself accountable to shareholders annually. We look forward to continuing to work with the Board and management to further enhance governance and shareholder value."

About Fir Tree Partners
Fir Tree Partners, founded in 1994 and located in New York City (HQ) and Miami, is a value-oriented investment manager that manages private investment funds for endowments, foundations, pension funds, sovereign wealth funds and private investors. Fir Tree invests worldwide in public and private companies and real estate across a wide variety of sectors and securities. Fir Tree frequently employs Positive Activism™ through collaboration with management teams to enhance stakeholder value.  

SOURCE Fir Tree Partners