Pebblebrook Hotel Trust Announces Exercise of Underwriters' Overallotment Option for Additional 400K Shares
Pebblebrook Hotel Trust (NYSE: PEB) today announced the full exercise of the underwriters' overallotment option and the sale of an additional 400,000 8.00% Series B Cumulative Redeemable Preferred Shares. The overallotment option was granted in connection with the Company's public offering of 3,000,000 common shares which was priced on September 14, 2011.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.