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

Select Income REIT 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