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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Jul. 26, 3:05 AM

Slide #3. Government Properties Income Trust Secondary Offering

Company: Government Properties Income Trust (NYSE:GOV)
Date announced: 7/23/2014
Shares Offered: 13,500,000
Date of Pricing: 7/24/2014
Price Per Share: $23.50
Secondary Offering Details: Government Properties Income Trust announced that it has commenced a public offering of 12,000,000 common shares. GOV expects to use the proceeds of this offering to partially repay amounts outstanding under its new $500 million term loan. It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 1,800,000 common shares. The joint book-running managers for this offering are Citigroup, BofA Merrill Lynch and Morgan Stanley. The co-lead managers for this offering are Jefferies, RBC Capital Markets and UBS Investment Bank.

Government Properties Income Trust is a real estate investment trust. As of Dec 31 2013, Co. owned 68 properties (87 buildings), excluding three properties (three buildings) classified as discontinued operations, located in 31 states and the District of Columbia.
Open the GOV Page at The Online Investor »

Company Name:  Government Properties Income Trust
Sector:  REITs
Number of ETFs Holding GOV:  58
Total Market Value Held by ETFs:  $181.25M
Total Market Capitalization:  $1.35B
% of Market Cap. Held by ETFs:  13.44%

Open the GOV Page at The Online Investor (in a new window) »

July 26, 2014    3:05 AM Eastern
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