URSTADT BIDDLE PROPERTIES INC.
321 RAILROAD AVENUE
GREENWICH, CONNECTICUT 06830
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To Our Stockholders:
In connection with the Annual Meeting of Stockholders (the "Meeting") of
Urstadt Biddle Properties Inc., a Maryland corporation (the "Company"), to be
held at the Greenwich Harbor Inn, Greenwich, Connecticut, on March 10, 1999 at
11:00 a.m. for the purposes set forth in the Notice of Meeting dated February 2,
1999 (the "Notice of Meeting") and the related Proxy Statement dated February 2,
1999 (the "Proxy Statement"), the Company previously provided to you a WHITE
proxy card together with the Notice of Meeting and the Proxy Statement for use
in voting your Shares. Please note that the Company has become aware that, due
to a clerical error by the Transfer Agent, the information contained on the
WHITE proxy card relating to the number of Class A Common Shares held of record
by you as of the close of business on January 27, 1999, the record date for the
Meeting (the "Record Date"), is inaccurate and stockholders should not use the
WHITE proxy card.
Enclosed herewith is a YELLOW proxy card containing the correct number of
Common Shares and Class A Common Shares held of record by you at the close of
business on the Record Date. Stockholders who wish to have their Common Shares
and Class A Common Shares represented and voted at the Meeting must complete,
date, sign and return the enclosed YELLOW proxy card even if you have previously
completed and returned the WHITE proxy card. No WHITE proxy cards will be given
effect and only properly completed, dated and signed YELLOW proxy cards will be
given effect at the Meeting.
Reference is hereby made to the Notice of Meeting and the Proxy Statement
previously provided to you for information concerning the proposals to be acted
upon at the Meeting. To be voted, YELLOW proxies must be filed with the
Secretary of the Company prior to voting. YELLOW proxies may be revoked at any
time before exercise by filing a notice of such revocation, by filing a later
dated YELLOW proxy with the Secretary of the Company or by voting in person at
the Meeting.
You are urged to complete, date, sign and return your YELLOW Proxy Card
promptly to make certain your Shares will be voted at the Meeting, even if you
plan to attend the Meeting in person. If you desire to vote your Shares in
person at the Meeting, your YELLOW proxy may be revoked. For your convenience in
returning the YELLOW Proxy Card, a pre-addressed and postage paid envelope has
been enclosed.
YOUR PROXY IS IMPORTANT WHETHER YOU OWN FEW OR MANY SHARES.
PLEASE DATE, SIGN AND MAIL THE ENCLOSED YELLOW PROXY CARD
TODAY.
Urstadt Biddle Properties Inc.
February 9, 1999
