NEWTON, Mass.--(BUSINESS WIRE)--
Government Properties Income Trust (NYSE: GOV) today announced it priced
a public offering of 6,500,000 common shares at a price to the public of
$25.40 per share. The settlement of this offering is expected to occur
on Monday, July 25, 2011. GOV expects to use the proceeds of this
offering to reduce amounts outstanding under its revolving credit
facility and for general business purposes, including funding
acquisitions. The underwriters have been granted a 30-day option to
purchase up to an additional 975,000 common shares to cover
over-allotments, if any.
The joint bookrunning managers for this offering are Morgan Stanley,
BofA Merrill Lynch and RBC Capital Markets. The co-lead managers for
this offering are Citi, Jefferies & Company, Inc., Morgan Keegan and UBS
Investment Bank. The co-managers for this offering are BB&T Capital
Markets, Janney Montgomery Scott, JMP 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 are expected to be filed with
the Securities and Exchange Commission (SEC) and copies can be obtained
by contacting the offices of: Morgan Stanley, 180 Varick Street, 2nd
Floor, New York, New York 10014, Attention: Prospectus Department,
telephone: (866) 718-1649 or email: prospectus@morganstanley.com; BofA
Merrill Lynch, 4 World Financial Center, New York, New York 10080, Attn:
Prospectus Department, email dg.prospectus_requests@baml.com; or RBC
Capital Markets, Attention: Prospectus Department, Three World Financial
Center, 200 Vesey Street, 8th floor, New York, New York 10281-8098,
telephone: 877-822-4089.
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
OTHER FEDERAL 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:
-
THIS PRESS RELEASE STATES THAT THE SETTLEMENT OF THE OFFERING OF
COMMON SHARES IS EXPECTED TO OCCUR ON MONDAY, JULY 25, 2011. IN FACT,
THE SETTLEMENT OF THIS OFFERING IS SUBJECT TO VARIOUS CONDITIONS AND
CONTINGENCIES AS ARE CUSTOMARY IN UNDERWRITING AGREEMENTS IN THE
UNITED STATES. IF THESE CONDITIONS ARE NOT SATISFIED OR THE SPECIFIED
CONTINGENCIES DO NOT OCCUR, THIS OFFERING MAY NOT CLOSE.
-
THIS PRESS RELEASE STATES THAT THE UNDERWRITERS HAVE BEEN GRANTED AN
OPTION TO PURCHASE UP TO AN ADDITIONAL 975,000 COMMON SHARES TO COVER
OVER-ALLOTMENTS, IF ANY. AN IMPLICATION OF THIS STATEMENT MAY BE THAT
THIS OPTION MAY BE EXERCISED IN WHOLE OR IN PART. IN FACT, GOV DOES
NOT KNOW WHETHER THE UNDERWRITERS WILL EXERCISE THIS OPTION, OR ANY
PART OF IT.
FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE
UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.
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.
Government Properties Income Trust
Timothy A. Bonang, 617-219-1410
Vice
President, Investor Relations
or
Elisabeth A. Heiss,
617-219-1410
Manager, Investor Relations
Source: Government Properties Income Trust
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