On March 7, 2024, Whitestone REIT announced that it has received notice that Erez Asset Management, LLC has nominated 2 candidates to stand for election to the Board of Trustees of the Company at the 2024 annual meeting. The Company?s Nominating and Governance Committee has conducted a comprehensive review and evaluation of Erez Asset Management candidates Bruce Schanzer and Catherine Clark. The Company stated that pursuant to the recommendation of the Committee, the Board will not nominate either candidate.

The Company stated that it continuously evaluates all avenues to maximize value for shareholders and is always committed to advancing its best interests. The Company?s Board and Management team added that they regularly engage with its shareholders and has received support from the majority of the shareholder base related to decisions driving Company performance and to governance improvements made over the course of the last two years. The Company stated that it would present its formal recommendation on the nominees in the Company's definitive proxy statement, which will be filed with the Securities and Exchange Commission and mailed to all shareholders eligible to vote at the 2024 annual meeting.

The date of the Company's 2024 annual meeting has not yet been announced. The Company stated that the shareholders are not required to take any action at this time.