Trinity Moving Forward as it Announces New CEO and Major Investor

Trinity Place Holdings Inc. (“Trinity”) announced today the appointment of Matthew Messinger as President and CEO while welcoming the infusion of more than $13 million from Third Avenue Real Estate Value Fund, a new investor in Trinity. Trinity currently has significant real estate holdings in six states, including New York and New Jersey, and a variety of consumer-sector intellectual property rights.

COURT APPROVES SYMS CORP AND FILENE’S BASEMENT DISCLOSURE STATEMENT FOR SECOND AMENDED JOINT CHAPTER 11 PLAN; SETS HEARING ON CONFIRMATION OF PLAN FOR AUGUST 29, 2012

Final Version 7/15/12 4:00 pm FOR IMMEDIATE RELEASE COURT APPROVES SYMS CORP AND FILENE’S BASEMENT DISCLOSURE STATEMENT FOR SECOND AMENDED …

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