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Harvey Capital Urges Tejon Ranch Co. Shareholders to Vote with Bulldog Investors, Citing Decades of Stagnant Share Price

1. Harvey Capital urges TRC shareholders to vote for Bulldog Investors' nominees. 2. Current TRC board has not increased share price meaningfully for decades. 3. Electing new board nominees may unlock greater shareholder value. 4. Status quo has failed to provide satisfactory investor returns. 5. Investors encouraged to consider the letter's arguments before voting.

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Why Bullish?

Changing the board to Bulldog Investors could revitalize TRC’s performance, as seen in other companies where board changes led to increased shareholder value.

How important is it?

The letter's call for board change addresses long-standing concerns investors have, highlighting the potential for immediate performance improvement.

Why Short Term?

The upcoming vote on May 13 could produce immediate implications for TRC's strategy and stock price, similar to other shareholder activism situations.

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April 30, 2025 11:54 ET  | Source: Harvey Capital ASHBURN, Va., April 30, 2025 (GLOBE NEWSWIRE) -- Harvey Capital, a holder of 5,531 shares of Tejon Ranch Co., has issued a letter to shareholders of Tejon Ranch Co. (NYSE: TRC), strongly urging them to vote FOR the nominees proposed by Bulldog Investors at the upcoming Annual Meeting on May 13, 2025. The letter asserts that the current board of directors has been ineffective at delivering a meaningful increase in share price for several decades, underscoring the need for a change in leadership and strategic direction. Harvey Capital believes that electing Bulldog Investors' nominees will inject fresh perspectives and expertise into the boardroom, ultimately unlocking greater shareholder value. The firm argues that the status quo has failed to produce satisfactory returns for investors, and that supporting Bulldog Investors represents a crucial opportunity to revitalize the company's performance. Harvey Capital encourages fellow shareholders to carefully consider the arguments presented in their letter and to vote in favor of Bulldog Investors' slate of director candidates. The firm believes this change is essential to enhancing Tejon Ranch Co.'s performance and delivering stronger returns for investors who have waited far too long for meaningful share price appreciation. To read the full letter from Harvey Capital, please visit: https://harvey-capital.com/tejon-ranch-co-letter Contact:Will Harvey703-677-7991

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