NEWTON, Mass.--(BUSINESS WIRE)--
Government Properties Income Trust (NYSE: GOV) today announced that it
priced a public offering of 7,500,000 common shares at a price to the
public of $23.25 per share. The settlement of this offering is expected
to occur on Friday, October 19, 2012. GOV expects to use the net
proceeds of this offering to repay amounts outstanding under its
revolving credit facility and for general business purposes, including
funding potential acquisitions. The underwriters have been granted a
30-day option to purchase up to an additional 1,125,000 common shares.
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 Citigroup, Jefferies and UBS Investment Bank. The
co-managers for this offering are Deutsche Bank, 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, 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, 222 Broadway, New York, New York 10038, 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 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:
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THIS PRESS RELEASE STATES THAT THE SETTLEMENT OF THE OFFERING OF
COMMON SHARES IS EXPECTED TO OCCUR ON FRIDAY, OCTOBER 19, 2012. 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.
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THIS PRESS RELEASE STATES THAT THE UNDERWRITERS HAVE BEEN GRANTED AN
OPTION TO PURCHASE UP TO AN ADDITIONAL 1,125,000 COMMON SHARES. 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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