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Government Properties’ Underwriters Exercise 1.27M Over-Allotment Option

Jan 19, 2010 | Reprints | Unlock Link | Print

The underwriters of Newton’s Government Properties Income Trust’s recent equity offering have exercised their over-allotment option in full to purchase 1.27 million additional common shares of beneficial interest.

The sale of the additional shares and the sale of the original public offering of 8.5 million common shares are expected to close Jan. 21.

The joint book-running managers for this offering are Morgan Stanley, Jefferies & Co. and Wells Fargo Securities. The co-lead managers for this offering are Citi, UBS Investment Bank, Morgan Keegan & Co. Inc. and RBC Capital Markets. The co-managers for this offering are Janney Montgomery Scott and Oppenheimer & Co.

Executive Briefing