On October 25, 2017, Snow Park Capital Partners, LP sent a letter to the Board of Directors of Cedar Realty Trust, Inc. In the letter, Snow Park Capital stated that it calls on Cedar Board to explore all options including a sale of the Company or liquidation of its assets and to publicly communicate this strategy to shareholders. Further, Snow Park Capital stated that it intends to explore all options to protect shareholders’ interests including the nomination of directors at the 2018 annual meeting.