Capital Properties, Inc. Discloses Health Condition of Chairman, Robert H. Eder

Rhea-AI Summary

Capital Properties, Inc. (OTCQX: CPTP) announced that its Chairman, CEO, and President, Robert H. Eder, underwent successful surgery to address a postoperative infection. A full recovery is anticipated. The company primarily focuses on long-term leasing of real estate interests in downtown Providence, Rhode Island, for commercial development and leasing sites along highways in Rhode Island and Massachusetts for outdoor advertising.

Positive

• Successful surgery of Chairman Robert H. Eder, indicating strong leadership continuity.

Negative

• Health concerns of a key executive may raise investor anxiety regarding company direction.

PROVIDENCE, R.I., March 13, 2023 /PRNewswire/ -- Capital Properties, Inc. (OTCQX: CPTP) announced today that its Chairman, CEO and President Robert H. Eder had undergone surgery over the weekend to deal with an infection resulting from a prior medical procedure. The operation was successful and a full recovery is expected.

About Capital Properties, Inc.

Capital Properties, Inc. and its subsidiary's principal business consist of the long-term leasing of certain of its real estate interests in downtown Providence, Rhode Island for commercial development and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts for outdoor advertising purposes. 

CONTACT:
Susan R. Johnson, Treasurer
401-435-7171

View original content:https://www.prnewswire.com/news-releases/capital-properties-inc-discloses-health-condition-of-chairman-robert-h-eder-301770222.html

SOURCE Capital Properties, Inc.

FAQ

What health issue did Robert H. Eder face?

Robert H. Eder underwent surgery for an infection resulting from a prior medical procedure.

What is the status of Robert H. Eder's recovery?

A full recovery is expected for Robert H. Eder.

What is the focus of Capital Properties, Inc.?

Capital Properties focuses on long-term leasing of real estate and outdoor advertising.

When was the surgery performed?

The surgery took place over the weekend prior to March 13, 2023.