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SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
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Trinet Corporation
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(Name of Registrant as Specified In Its Charter)
Trinet Corporation
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VIA FACSIMILE
June 22, 1998
Dear Fellow Stockholders:
As you may know, the Annual Meeting of Stockholders of TriNet Corporate Realty
Trust, Inc. held on May 27 was adjourned prior to voting on one matter, the
proposed increase in the Company's authorized capital stock (Item 2 in the proxy
statement). The meeting will reconvene on June 24 to vote on this matter. This
was done to enable the Company to speak directly with stockholders in order to
address concerns or questions relating to this proposal.
The Company proposes an increase in its authorized capital for the sole purpose
of enabling TriNet to continue to grow and to finance this growth by raising
equity capital. The additional capital authorization is necessary to give the
Company the financing flexibility to raise equity as needed for its acquisitions
and strategic growth. We do NOT intend to use the new authorized stock
(including "blank check" preferred stock) for any anti-takeover purpose.
We have committed to our stockholders that the Company will not issue any of the
newly-authorized capital stock in an anti-takeover situation without prior
approval of stockholders. Based on this commitment, Institutional Shareholder
Services has recommended a vote FOR this proposal.
It is the Company's hope that, based on this assurance, you will be able to
support this proposal. If so, we respectfully request that you vote FOR Item 2.
Please feel free to contact me, or Mr. Dan Sullivan of D.F. King & Co.
(212.493.6927), if you have any questions regarding this matter.
Sincerely,
Geoffrey M. Dugan
Vice President, Administration and General Counsel