NEWTON, Mass.--(BUSINESS WIRE)--
Government Properties Income Trust (NYSE: GOV) today announced that
CommonWealth REIT (NYSE: CWH) has sold its remaining position in GOV
through the sale of 9,950,000 common shares in an underwritten public
offering under an effective shelf registration statement filed by GOV,
at a price of $25.20 per share. CWH has agreed to pay all the costs
associated with this transaction and GOV will not receive any proceeds
from the sale of the common shares. The settlement of this sale is
expected to occur on March 15, 2013.
The joint bookrunning managers for this offering are Citigroup, BofA
Merrill Lynch and RBC Capital Markets. The joint lead managers are
Jefferies, Morgan Stanley and UBS Investment Bank. The co-managers are
BB&T Capital Markets, Janney Montgomery Scott, JMP Securities, MLV & Co.
and Oppenheimer & Co.
This press release is neither an offer to sell nor a solicitation of an
offer to buy GOV common 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 final prospectus
relating to this offering is expected to be filed with the Securities
and Exchange Commission (SEC), and copies may be obtained by contacting
the offices of Citigroup, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146; BofA
Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, NY
10038; email dg.prospectusrequests@baml.com; or RBC Capital Markets,
Attention: Prospectus Department, Three World Financial Center, 200
Vesey Street, 8th Floor, New York, NY 10281-8098, telephone: (877)
822-4089.
WARNING CONCERNING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS 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, THIS PRESS RELEASE STATES
THAT THE SETTLEMENT OF THE OFFERING OF GOV COMMON SHARES IS EXPECTED TO
OCCUR ON MARCH 15, 2013. 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. 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
News Provided by Acquire Media