From Earlier: Select Income REIT Prices Initial Public Offering of 8M Shares at $21.50
Select Income REIT (NYSE: SIR) yesterday announced that it has priced an initial public offering of 8,000,000 common shares of beneficial interest at $21.50 per share.
The settlement of this offering is expected to occur on March 12, 2012. The underwriters have a 30-day option to purchase up to an additional 1,200,000 shares to cover over allotments, if any. All the shares are being offered by SIR, and the net proceeds of the offering will be used to repay SIR debt.
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