On February 8, 2024, Irish Residential Properties REIT Plc announced that Glass Lewis has recommended shareholders vote against all resolutions proposed by Vision Capital Corporation at the EGM, which is scheduled for February 16, 2024, a similar recommendation issued by Institutional Shareholder Services. The Company?s board recommended shareholders to vote against all resolutions proposed by Vision. Vision is proposing that the Company be required to consider a comprehensive strategic review to assess options, including a sale of the company or its assets, or a process to sell the Company or its assets in an organized manner over the next two years.

Additionally, Vision is also proposing that 5 members of the board of the Company be replaced with candidates that are supported by Vision Capital.