Mack-Cali Announces Annual Meeting Results

06/24/2005 Category: Miscellaneous

Cranford, New Jersey—June 24, 2005—Mack-Cali Realty Corporation (NYSE: CLI) today announced the voting results of its Annual Meeting of Stockholders, which was held on June 23, 2005 at the Hyatt Regency Jersey City on the Hudson in Jersey City, New Jersey.

Stockholders approved both of the Company's proposals:

  1. The re-election of Nathan Gantcher, William L. Mack and Alan G. Philibosian to the Board of Directors of the Company, each to serve a three-year term; and the election of David S. Mack to the Board of Directors of the Company, also to serve a three-year term.
  2. The ratification of the re-appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year ending December 31, 2005.

A stockholder proposal requesting that the Board of Directors of the Company amend the Company's corporate governance documents to adopt a majority vote standard for elections of persons to the Board was also approved.

Mack-Cali Realty Corporation is a fully-integrated, self-administered, self-managed real estate investment trust (REIT) providing management, leasing, development, construction and other tenant-related services for its class A real estate portfolio. Mack-Cali owns or has interests in 267 properties, primarily office and office/flex buildings located in the Northeast, totaling approximately 29.9 million square feet. The properties enable the Company to provide a full complement of real estate opportunities to its diverse base of approximately 2,100 tenants.

Additional information on Mack-Cali Realty Corporation is available on the Company's website at

Statements made in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "will," "should," "expect," "anticipate," "estimate," "continue," or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the headings "Disclosure Regarding Forward- Looking Statements" and "Risk Factors" in the Company's Annual Reports on Form 10-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.