Huntingdon REIT Proposes Merger with Fisher Communications

Huntingdon Real Estate Investment Trust announced that on December 6, 2010, it made a proposal to Fisher Communications, Inc. FSCI to acquire all of the outstanding shares of Fisher common stock. Under the proposal, Fisher shareholders would be given the option of taking 3.58 units of Huntingdon for each outstanding share of Fisher OR 1.79 units of Huntingdon and $12 in cash for each outstanding share of Fisher. When made, the proposal implied a value of $23.99 per share based on Huntingdon's December 3 closing price of $6.70, an approximate 18% premium to the Fisher closing price on December 3 and a 25% premium to Fisher's volume weighted average price during the preceding month.