Retail Opportunity Investments Announces Proposed Offering of 6.5M Shares

Retail Opportunity Investments Corp.

announced today that it plans to offer 6,500,000 shares of common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase up to an additional 975,000 shares. The shares of common stock will be issued pursuant to an effective registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, including the acquisition of properties and the repayment and refinancing of debt, including all of the outstanding borrowings under the Company's $175.0 million unsecured revolving credit facility.