Veradace Partners Opposes Tiptree Sale, Glass Lewis and Egan-Jones Recommend Vote Against

Leading proxy advisory firms Glass Lewis and Egan-Jones recommend Tiptree shareholders vote against the proposed sale of Fortegra to DB Insurance. They note concerns over the transaction's structure, management incentives, and lack of a clear plan to return nearly $1 billion in transaction proceeds to shareholders. Veradace Partners, a significant Tiptree shareholder, supports their recommendations and urges fellow shareholders to reject the value-destructive transaction.