NEWTON, Mass.--(BUSINESS WIRE)--
Government Properties Income Trust (Nasdaq:GOV) today announced that the
underwriters of its recent public offering of common shares have
partially exercised their option to purchase an additional 2,907,029
common shares of beneficial interest at a price to the public of $18.50
per common share, raising additional net proceeds (after payment of the
underwriting discount and other estimated offering expenses payable by
GOV) of approximately $51.5 million. The settlement for such shares is
expected to occur on August 3, 2017.
The joint bookrunning managers for this offering were Citigroup, BofA
Merrill Lynch, Morgan Stanley and UBS Investment Bank. The joint lead
managers for this offering were Baird, BB&T Capital Markets, D.A.
Davidson & Co., FBR & Co., Janney Montgomery Scott, JMP Securities,
Mizuho 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 have been filed with
the Securities and Exchange Commission (SEC) and copies can be obtained
when available by contacting the offices of: Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by
calling (800) 831-9146; BofA Merrill Lynch, Attention: Prospectus
Department, NC1-004-03-43, 200 North College Street,
3rd Floor, Charlotte, NC 28255-0001, email: dg.prospectus_requests@baml.com;
Morgan Stanley, Attention: Prospectus Department, 180 Varick Street,
2nd Floor, New York, NY 10014; or UBS Securities LLC, Attention:
Prospectus Department, 1285 Avenue of the Americas, New York, NY, 10019
or by calling (888) 827-7275.
WARNING CONCERNING 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: THE FACT THAT THE
UNDERWRITERS HAVE PARTIALLY EXERCISED THEIR OPTION TO PURCHASE 2,907,029
SHARES MAY IMPLY THAT THE SETTLEMENT OF THIS SALE OF SHARES WILL OCCUR;
BUT THE SETTLEMENT IS SUBJECT TO CONDITIONS CUSTOMARY IN TRANSACTIONS OF
THIS TYPE, AND MAY BE DELAYED OR MAY NOT OCCUR AT ALL. FOR THESE
REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE
RELIANCE UPON FORWARD LOOKING STATEMENTS.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170731005354/en/
Source: Government Properties Income Trust