NEWTON, Mass., Aug 04, 2010 (BUSINESS WIRE) -- Government Properties Income Trust (NYSE: GOV) today announced that it
has commenced a proposed public offering of 7,000,000 common shares. GOV
expects to use the net proceeds to repay amounts outstanding under its
$250 million revolving credit facility and to fund general business
activities, including possible future acquisitions. It is contemplated
that the underwriters will also be granted a 30-day option to purchase
up to an additional 1,050,000 shares to cover overallotments, if any.
The joint book-running managers for this offering are Morgan Stanley,
RBC Capital Markets and Wells Fargo Securities. The co-lead managers for
this offering are Citi, Jefferies & Company, Morgan Keegan & Company,
Inc. and UBS Investment Bank.
This press release is not 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 preliminary prospectus
supplement relating to this offering and related prospectus are expected
to be filed with the SEC, and copies can be obtained from the offices of
Morgan Stanley & Co., Incorporated, 180 Varick Street, 2nd Floor, New
York, New York 10014, Attention: Prospectus Department, or by calling
(866) 718-1649; RBC Capital Markets Corporation at Three World Financial
Center, 200 Vesey Street 8th Floor, New York, New York, 10281, or by
calling (877) 822-4089; and Wells Fargo Securities, LLC, Attention:
Equity Syndicate Department, 375 Park Avenue, New York, New York, 10152,
at (800) 326-5897 or e-mail a request to: equity.syndicate@wachovia.com.
WARNING REGARDING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND THE
FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
GOV'S PRESENT EXPECTATIONS, BUT THESE STATEMENTS ARE NOT GUARANTEED. FOR
EXAMPLE, ALTHOUGH THIS PRESS RELEASE REFERS TO AN OFFERING OF 7,000,000
COMMON SHARES, MORE OR LESS THAN 7,000,000 COMMON SHARES MAY BE SOLD, OR
THIS OFFERING MAY BE WITHDRAWN. INVESTORS SHOULD NOT PLACE UNDUE
RELIANCE UPON ANY FORWARD LOOKING STATEMENT.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the New York Stock Exchange.
No shareholder, Trustee or officer is personally liable for any act
or obligation of the Trust.
SOURCE: Government Properties Income Trust
Government Properties Income Trust
Timothy A. Bonang, 617-219-1410
Vice President, Investor Relations
or
Elisabeth Heiss, 617-219-1410
Manager, Investor Relations