Select Income REIT Announces Underwriters’ Exercise of Option to Purchase Additional Shares
NEWTON, Mass.--(BUSINESS WIRE)--Select Income REIT (NYSE: SIR) today announced that the underwriters of its public offering have exercised their option to purchase an additional 1,000,000 common shares. The sale of these common shares is expected to close on Wednesday, June 18, 2014.
The joint book-running managers for this offering were BofA Merrill Lynch, Morgan Stanley and UBS Investment Bank. The co-lead managers for this offering were Citigroup, Jefferies and RBC Capital Markets. The co-managers were Baird, 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, 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 any such state or jurisdiction. The prospectus supplement relating to the offering and related prospectus have been filed with the Securities and Exchange Commission, and copies can be obtained by contacting the offices of: BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, email: firstname.lastname@example.org; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd floor, New York, NY, 10014; or UBS Investment Bank, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171, telephone: (888) 827-7275.
SIR is a real estate investment trust, or REIT, which owns and invests in properties that are primarily net leased to single tenants. As of March 31, 2014, SIR owned 48 properties (278 buildings, leasable land parcels and easements) with a total of approximately 26.1 million square feet located in 20 states, including 11 properties (229 buildings, leasable land parcels and easements) with approximately 17.8 million square feet which are primarily leasable industrial and commercial lands located on the island of Oahu, HI. SIR is headquartered in Newton, MA.
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 SIR'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED. FOR EXAMPLE:
- THIS PRESS RELEASE STATES THAT THE CLOSING OF THE SALE OF THE 1,000,000 ADDITIONAL COMMON SHARES IS EXPECTED TO TAKE PLACE ON JUNE 18, 2014. IN FACT, THE CLOSING OF THIS SALE 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 SALE 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.