Market Overview

Select Income REIT Prices 7M Share Offering at $24/Share

Select Income REIT (NYSE: SIR) today announced that it priced a public
offering of 7,000,000 common shares to the public at a price of $24.00
per share. The settlement of this offering is expected to occur on
Tuesday, December 11, 2012. SIR expects to use the net proceeds of this
offering to repay amounts outstanding under its revolving credit
facility. The underwriters have been granted a 30-day option to purchase
up to an additional 1,050,000 common shares.

The joint book running managers for the offering are Morgan Stanley,
BofA Merrill Lynch and Wells Fargo Securities. The joint lead managers
are Citigroup, Jefferies, RBC Capital Markets and UBS Investment Bank.
The co-managers are Janney Montgomery Scott and Oppenheimer & Co.

See full press release

Posted-In: News Guidance Asset Sales Management Global

 

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