TNP Strategic Retail Trust Accuses CEO Tony Thompson of Issuing Inaccurate, Unauthorized Letter to Shareholders, Charges Advisor

with Misleading Board TNP Strategic Retail Trusts board (TNP SRT) has accused Tony Thompson, TNPs founder and TNP SRTs co-Chief Executive Officer, of issuing an inaccurate, unapproved letter to shareholders, in a disclosure filed with the Securities and Exchange Commission on April 8, 2013. In the same disclosure, TNP SRTs board accused its advisory firm, TNP Strategic Re tail Advisor (TNP Advisor), which is controlled by Tony Thompson, of misleading the TNP SRT board and engaging in dealings with third parties that were not in TNP SRTs best interest. As a result, TNP SRTs board indicated it is entitled to terminate its advisor for cause and is making efforts to do so. TNP SRTs board also disclosed it is attempting to appoint a new CEO and Board Chairman to ensure the prudent management of the company. TNPs current co-CEO and Board Chairman is Tony Thompson. The TNP SRT regulatory filing was only signed by its three independent directors. The regulatory filing reviewed by securities attorneys Alan Rosca and Joe Peiffer identifies a number of payments by TNP SRT to its investment advisor, Tony Thompson-controlled TNP Advisor. Attorneys Rosca and Peiffer also determined that TNP SRT paid over $1.2 million to a lender to settle two events of default related to TNP SRTs inability to make mandatory principal payments to the lender and fund reserves required by the loan documents. The TNP SRT independent directors accusations of misconduct against Tony Thompson and the TNP advisor he controls are troubling, said attorney Alan Rosca. Directors and officers are fiduciaries of a company and must abide by high standards of care when they act on behalf of the company, Rosca said. The TNP SRT boards new disclosures paint a worrisome picture of TNP SRTs financials, said attorney Joe Peiffer. Attorneys Rosca, Peiffer, and McCardle have been investigating the sales practices surrounding a number of TNP-sponsored real estate investment products that may have been unsuitable for many TNP investors. Investors who were sold TNP-sponsored real estate investment trusts are encouraged to contact attorneys Alan Rosca, Joe Peiffer, or Lance McCardle toll free, at 888-998-0520 for a free evaluation of their matter. For more information, visit www.tnpinvestors.com . Disclaimer: Our clients will not be responsible for the payment of litigation-related costs if they do not recover, whenever permitted by the applicable jurisdiction's rules. Some jurisdictions mandate that the client always pays the case expenses. This page may be deemed to be attorney advertising. We handle financial fraud cases in most states. However, our firm's lawyers are not admitted to practice law in every state. Attorney Joe Peiffer is licensed to practice law in Louisiana. Attorney Alan Rosca is licensed to practice law in Ohio. In those jurisdictions in which our firm's lawyers are not admitted to practice, we will associate co-counsel from the relevant jurisdiction to assist with the matter, at no

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