Winthrop Realty Trust Announces Pricing of $70.1 Million of Its 9.25% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest

Winthrop Realty Trust FUR today announced that it has sold in an underwritten public offering 2,800,000 shares of its 9.25% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest at a price of $25.0385 per share including accrued dividends. The first dividend payment on the Series D Preferred Shares sold in this offering will be for a full quarter and payable on June 29, 2012. In connection with the offering, Winthrop granted the underwriters an option for 30 days to purchase up to an additional 420,000 Series D preferred shares to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on March 23, 2012. Barclays Capital Inc., Stifel, Nicolaus & Company, Incorporated and Jefferies & Company, Inc. are acting as joint book-running managers for the offering. Credit Suisse Securities (USA) LLC and KeyBanc Capital Markets Inc. are acting as joint lead managers and JMP Securities LLC is acting as a co-manager. Winthrop estimates that the net proceeds from the offering, after the underwriting discounts and commissions and estimated offering expenses payable by Winthrop, will be approximately $67.7 million, or approximately $77.9 million if the underwriters' overallotment option is exercised in full. Winthrop intends to use the net proceeds from the offering to fund future acquisitions, pay down borrowings under its credit facility, repurchase its common shares and/or for general working capital purposes, including funding capital expenditures, tenant improvements and leasing commissions.