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Government Properties Income Trust Announces Proposed Public Offering of 7,000,000 Common Shares

08/04/2010

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AN OFFERING OF 7,000,000 COMMON SHARES, MORE OR LESS THAN 7,000,000 COMMON SHARES MAY BE SOLD, OR THIS OFFERING MAY BE WITHDRAWN.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
Categories: Press Releases
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