Newton, MA (June 2, 2009): Government Properties Income Trust (NYSE: GOV) today
announced it has priced its initial public offering of 10,000,000 common shares of beneficial
interest at $20 per share, for a total of $200 million of gross proceeds.
The offering is expected to close on June 8, 2009. The underwriters have a 30 day
option to purchase up to an additional 1,500,000 shares to cover over allotments, if any. All the
shares are being offered by GOV and the proceeds of the offering will be principally used to
repay amounts outstanding under GOV’s credit facility.
A registration statement relating to the offering of common shares of beneficial interest
of GOV discussed above was declared effective by the Securities and Exchange Commission on
June 2, 2009. This press release shall not constitute an offer to sell or the solicitation of an offer
to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Merrill Lynch & Co., Wachovia Securities and Morgan Stanley are the joint book
running managers for the offering. Citi, Morgan Keegan & Company, Inc., RBC Capital
Markets and UBS Investment Bank are the joint lead managers. A copy of the prospectus can be
obtained by contacting Merrill Lynch & Co., Attention: Prospectus Department, 4 World
Financial Center, New York, New York 10080, telephone: (212) 449-1000, Wachovia Securities,
Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York, at (800) 326-
5897 or email to equity-syndicate@wachovia.com, Morgan Stanley, 180 Varick Street, 2nd floor,
New York, New York 10014, Attention: Prospectus Department, toll free (866) 718-1649 or by
email at prospectus@morganstanley.com or by contacting any of the other underwriters listed
above.
WARNING REGARDING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS
WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995 AND OTHER FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING
STATEMENTS ARE BASED UPON GOV’S PRESENT EXPECTATIONS, BUT THESE
STATEMENTS ARE NOT GUARANTEED TO OCCUR. FOR EXAMPLE: THE FACT
THAT THIS OFFERING HAS PRICED MAY IMPLY THAT THE OFFERING WILL CLOSE;
BUT THE CLOSING IS SUBJECT TO CONDITIONS CUSTOMARY IN TRANSACTIONS
OF THIS TYPE AND MAY BE DELAYED OR MAY NOT OCCUR AT ALL. IN
ADDITION, THE FACT THAT THE UNDERWRITERS HAVE AN OVER ALLOTMENT
OPTION MAY IMPLY THAT THIS OPTION WILL BE EXERCISED. HOWEVER, THE
UNDERWRITERS ARE NOT UNDER ANY OBLIGATION TO EXERCISE THIS OPTION,
OR ANY PORTION OF IT, AND MAY NOT DO SO. INVESTORS SHOULD NOT PLACE
UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.
Contacts:
Timothy A. Bonang
Director of Investor Relations
or
Katherine L. Johnston
Manager of Investor Relations
(617) 219-1440