First Potomac Realty Trust Announces Pricing of Series A Cumulative Redeemable Preferred Share Offering
First Potomac Realty Trust (NYSE: FPO) announced today that it has priced, in an underwritten public offering, 1.6 million additional shares of its 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares (the “Series A Preferred Shares”) with a liquidation preference of $25.00 per share.First Potomac also granted the underwriters a 30-day option to purchase up to an additional 200,000 shares to cover overallotments, if any. The offering is a reopening of the Company's original issuance of Series A Preferred Shares, which closed on January 18, 2011.
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