Government Properties Income Trust Announces Underwriters’ Partial Exercise of Option to Purchase Additional Shares
July 31 2017 - 8:00AM
Business Wire
Government Properties Income Trust (Nasdaq:GOV) today announced
that the underwriters of its recent public offering of common
shares have partially exercised their option to purchase an
additional 2,907,029 common shares of beneficial interest at a
price to the public of $18.50 per common share, raising additional
net proceeds (after payment of the underwriting discount and other
estimated offering expenses payable by GOV) of approximately $51.5
million. The settlement for such shares is expected to occur on
August 3, 2017.
The joint bookrunning managers for this offering were Citigroup,
BofA Merrill Lynch, Morgan Stanley and UBS Investment Bank. The
joint lead managers for this offering were Baird, BB&T Capital
Markets, D.A. Davidson & Co., FBR & Co., Janney Montgomery
Scott, JMP Securities, Mizuho Securities and Oppenheimer &
Co.
This press release is neither an offer to sell nor a
solicitation of an offer to buy shares, nor shall there be any sale
of these securities in any state or jurisdiction in which the
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state or
jurisdiction. The prospectus supplement relating to this offering
and related prospectus have been filed with the Securities and
Exchange Commission (SEC) and copies can be obtained when
available by contacting the offices of: Citigroup,
c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, or by calling (800) 831-9146;
BofA Merrill Lynch, Attention: Prospectus Department,
NC1-004-03-43, 200 North College Street,
3rd Floor, Charlotte, NC 28255-0001,
email: dg.prospectus_requests@baml.com; Morgan Stanley,
Attention: Prospectus Department, 180 Varick Street,
2nd Floor, New York, NY 10014; or UBS Securities
LLC, Attention: Prospectus Department, 1285 Avenue of the Americas,
New York, NY, 10019 or by calling (888) 827-7275.
WARNING CONCERNING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON GOV'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE
FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED. FOR EXAMPLE: THE
FACT THAT THE UNDERWRITERS HAVE PARTIALLY EXERCISED THEIR OPTION TO
PURCHASE 2,907,029 SHARES MAY IMPLY THAT THE SETTLEMENT OF THIS
SALE OF SHARES WILL OCCUR; BUT THE SETTLEMENT IS SUBJECT TO
CONDITIONS CUSTOMARY IN TRANSACTIONS OF THIS TYPE, AND MAY BE
DELAYED OR MAY NOT OCCUR AT ALL. FOR THESE REASONS, AMONG OTHERS,
INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD
LOOKING STATEMENTS.
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version on businesswire.com: http://www.businesswire.com/news/home/20170731005354/en/
Government Properties Income TrustChristopher Ranjitkar,
617-219-1410Director, Investor Relationswww.govreit.com
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