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Select Income REIT Announces the Record Date for the Distribution of 45 Million Common Shares of Industrial Logistics Properties Trust

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Select Income REIT (NASDAQ:SIR) today announced that it has set the
record date for the distribution of all its 45,000,000 common shares of
beneficial interest of Industrial Logistics Properties Trust (Nasdaq: ILPT) (the "ILPT common shares") that it owns in a pro rata distribution
(the "Distribution") to the holders of SIR's common shares of beneficial
interest (the "SIR common shares") outstanding as of the close of
business on December 20, 2018 (the "Record Date") subject to certain
conditions being satisfied or waived.

The Distribution is being made in connection with SIR's agreement to
merge (the "Merger") with Government Properties Income Trust (Nasdaq: GOV). The conditions that must be satisfied or waived as of the date of
SIR's payment of the Distribution include approval of the Merger by SIR
shareholders and are described in the Information Statement (the
"Information Statement") included as an exhibit to the Current Report on
Form 8-K filed by SIR today with the SEC, under the heading "Information
About the Distribution – Conditions to the Distribution". SIR currently
expects to pay the Distribution on or after December 27, 2018 and at
least one business day prior to the closing date of the Merger.

Based on the number of SIR common shares outstanding as of today, SIR
expects that holders of its common shares outstanding as of the Record
Date will receive in the Distribution approximately 0.503 ILPT common
shares for each SIR common share held, subject to cash payment in lieu
of any fractional shares. The final distribution ratio will be
calculated by dividing the 45,000,000 ILPT common shares to be
distributed by the total number of SIR common shares outstanding on the
Record Date.

SIR believes that the Distribution generally will be taxable to its
shareholders for U.S. federal income tax purposes. Please see the
Information Statement under the heading "Information About the
Distribution – Material U.S. Federal Income Tax Consequences of the
Distribution" for additional detail. The Current Report on Form 8-K that
includes the Information Statement can be found at the SEC's website, www.sec.gov,
or on SIR's website at https://www.sirreit.com/investors/financial-information/sec-filings/default.aspx.

For more information, shareholders who are record holders of SIR common
shares should contact SIR's transfer agent, registrar and dividend
disbursing agent, EQ Shareowner Services, at (855) 598-5491.
Shareholders who hold SIR common shares in an account with a broker,
bank or other nominee should contact such broker, bank or other nominee.

Select Income REIT is a real estate investment trust, or REIT, which
owns properties that are primarily net leased to single tenants. SIR is
managed by the operating subsidiary of The RMR Group Inc. (NASDAQ:RMR),
an alternative asset management company that is headquartered in Newton,
MA.

WARNING REGARDING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING
STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO, WHENEVER SIR USES
WORDS SUCH AS "BELIEVE", "EXPECT", "ANTICIPATE", "INTEND", "PLAN",
"ESTIMATE", "WILL", "MAY" AND NEGATIVES OR DERIVATIVES OF THESE OR
SIMILAR EXPRESSIONS, SIR IS MAKING FORWARD LOOKING STATEMENTS. THESE
FORWARD LOOKING STATEMENTS ARE BASED UPON SIR'S PRESENT INTENT, BELIEFS
OR EXPECTATIONS, BUT FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO
OCCUR AND MAY NOT OCCUR. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE
CONTAINED IN OR IMPLIED BY SIR'S FORWARD LOOKING STATEMENTS AS A RESULT
OF VARIOUS FACTORS. FOR EXAMPLE:

  • THE CONDITIONS TO THE DISTRIBUTION AND THE CONDITIONS TO CLOSING OF
    THE MERGER ARE NOT IDENTICAL AND THE CLOSING OF THE MERGER IS NOT A
    CONDITION TO THE DISTRIBUTION. IT IS POSSIBLE THAT THE DISTRIBUTION
    WILL BE PAID AND THE MERGER DOES NOT CLOSE;
  • THE DISTRIBUTION AND CLOSING OF THE MERGER ARE EACH SUBJECT TO THE
    SATISFACTION OR WAIVER OF CERTAIN CONDITIONS, INCLUDING THE RECEIPT OF
    REQUISITE APPROVALS BY SIR'S AND GOV'S SHAREHOLDERS. SIR CANNOT BE
    SURE THAT ANY OR ALL OF SUCH CONDITIONS WILL BE SATISFIED OR WAIVED,
    OR IF THEY ARE SATISFIED OR WAIVED, WHEN THEY MAY BE SATISFIED OR
    WAIVED. ACCORDINGLY, THE DISTRIBUTION MAY NOT BE PAID AND/OR THE
    MERGER MAY NOT CLOSE WHEN EXPECTED OR AT ALL, OR THE TERMS OF THE
    DISTRIBUTION OR THE MERGER MAY CHANGE; AND
  • BASED ON THE NUMBER OF SIR COMMON SHARES OUTSTANDING AS OF THE DATE OF
    THIS PRESS RELEASE, SIR EXPECTS ITS SHAREHOLDERS TO RECEIVE IN THE
    DISTRIBUTION APPROXIMATELY 0.503 ILPT COMMON SHARES FOR EACH SIR
    COMMON SHARE OUTSTANDING ON THE RECORD DATE, SUBJECT TO CASH PAYMENT
    IN LIEU OF ANY FRACTIONAL SHARES. THE NUMBER OF SIR COMMON SHARES
    OUTSTANDING IS SUBJECT TO CHANGE AND MAY INCREASE OR DECREASE BETWEEN
    THE DATE OF THIS PRESS RELEASE AND THE RECORD DATE. ACCORDINGLY, THE
    FINAL NUMBER OF ILPT COMMON SHARES DISTRIBUTED FOR EACH SIR COMMON
    SHARE OUTSTANDING MAY INCREASE OR DECREASE.

THE INFORMATION CONTAINED IN SIR'S FILINGS WITH THE SEC, INCLUDING UNDER
THE CAPTION "RISK FACTORS" IN SIR'S ANNUAL REPORT ON FORM 10-K FOR THE
YEAR ENDED DECEMBER 31, 2017 AND THE JOINT PROXY STATEMENT/PROSPECTUS
FILED BY SIR ON NOVEMBER 16, 2018, AS IT MAY BE AMENDED OR SUPPLEMENTED
FROM TIME TO TIME, IDENTIFIES OTHER IMPORTANT FACTORS THAT COULD CAUSE
SIR'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE STATED IN OR
IMPLIED BY SIR'S FORWARD LOOKING STATEMENTS. SIR'S FILINGS WITH THE SEC
ARE AVAILABLE ON THE SEC'S WEBSITE AT WWW.SEC.GOV.

YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

EXCEPT AS REQUIRED BY LAW, SIR DOES NOT INTEND TO UPDATE OR CHANGE ANY
FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS
OR OTHERWISE.

Additional Information about the Merger and the Other Transactions
and Where to Find It

In connection with the Merger and the other transactions contemplated by
the merger agreement, GOV has filed with the SEC a registration
statement on Form S-4 containing the joint proxy statement/prospectus
and other documents with respect to the Merger and the other
transactions contemplated by the merger agreement. INVESTORS ARE URGED
TO READ THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS
AND SUPPLEMENTS THERETO) AND ANY OTHER DOCUMENTS FILED OR TO BE FILED
WITH THE SEC IN CONNECTION WITH THE MERGER OR INCORPORATED BY REFERENCE
IN THE JOINT PROXY STATEMENT/PROSPECTUS BECAUSE THEY CONTAIN AND WILL
CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND THE OTHER
TRANSACTIONS.

A definitive joint proxy statement/prospectus has been mailed to GOV's
and SIR's shareholders. Investors may obtain free copies of documents
filed with the SEC at the SEC's website at www.sec.gov.
In addition, investors may obtain free copies of GOV's filings with the
SEC from GOV's website at www.govreit.com
and free copies of SIR's filings with the SEC from SIR's website at www.sirreit.com.

Participants in the Solicitation Relating to the Merger and the Other
Transactions

GOV, its trustees and certain of its executive officers, SIR, its
trustees and certain of its executive officers, and The RMR Group LLC,
The RMR Group Inc. and certain of their directors, officers and
employees may be deemed participants in the solicitation of proxies from
GOV's shareholders in respect of the approval of the issuance of GOV
common shares of beneficial interest in the Merger and from SIR's
shareholders in respect of the approval of the Merger and the other
transactions contemplated by the merger agreement to which SIR is a
party. Information regarding the persons who may, under the rules of the
SEC, be considered participants in the solicitation of GOV's and SIR's
shareholders in connection with the Merger and the other transactions
contemplated by the merger agreement is set forth in the definitive
joint proxy statement/prospectus for the Merger filed with the SEC. You
can find information about GOV's trustees and executive officers in its
definitive proxy statement for its 2018 Annual Meeting of Shareholders.
You can find information about SIR's trustees and executive officers in
its definitive proxy statement for its 2018 Annual Meeting of
Shareholders. These documents are available free of charge on the SEC's
website and from GOV or SIR, as applicable, using the sources indicated
above.

A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the Nasdaq.

No shareholder,
Trustee or officer is personally liable for any act or obligation of the
Trust.

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