Senior Housing Properties Trust Announces Underwriters' Exercise of Over-Allotment Option
November 17 2006 - 12:25PM
Business Wire
Senior Housing Properties Trust (NYSE: SNH) today announced that
the underwriters of its recent equity offering have exercised their
over-allotment option in full to purchase 750,000 additional shares
of common stock. The sale price of these additional shares will be
$22.06 per share, less underwriting discounts and commissions of
$1.02 per share. This sale of the additional shares is expected to
close on November 21, 2006. The original public offering of
5,000,000 common shares closed today, November 17, 2006. The joint
book-running managers of this offering were UBS Investment Bank and
Merrill Lynch & Co. The joint lead managers for this offering
were Morgan Stanley, RBC Capital Markets and Wachovia Securities.
The co-managing underwriters for this offering were Ferris, Baker
Watts Incorporated, Janney Montgomery Scott LLC, Morgan Keegan
& Company, Inc., Oppenheimer & Co., Raymond James and
Stifel Nicolaus. This press release is not an offer to sell nor a
solicitation of an offer to buy shares, nor shall there be any sale
of these securities in any state or jurisdiction in which the
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state or
jurisdiction. Copies of the prospectus supplement and related
prospectus may be obtained from the offices of UBS Investment Bank,
Prospectus Department, 299 Park Avenue, New York, NY 10171
(telephone: 212-821-3000), or the offices of Merrill Lynch &
Co., 4 World Financial Center, New York, New York 10080 (telephone:
212-449-1000) or by contacting any of the co-managing underwriters.
A Maryland Real Estate Trust with transferable shares of beneficial
interest listed on the New York Stock Exchange. No shareholder,
Trustee or officer is personally liable for any act or obligation
of the Trust. Senior Housing Properties Trust (NYSE: SNH) today
announced that the underwriters of its recent equity offering have
exercised their over-allotment option in full to purchase 750,000
additional shares of common stock. The sale price of these
additional shares will be $22.06 per share, less underwriting
discounts and commissions of $1.02 per share. This sale of the
additional shares is expected to close on November 21, 2006. The
original public offering of 5,000,000 common shares closed today,
November 17, 2006. The joint book-running managers of this offering
were UBS Investment Bank and Merrill Lynch & Co. The joint lead
managers for this offering were Morgan Stanley, RBC Capital Markets
and Wachovia Securities. The co-managing underwriters for this
offering were Ferris, Baker Watts Incorporated, Janney Montgomery
Scott LLC, Morgan Keegan & Company, Inc., Oppenheimer &
Co., Raymond James and Stifel Nicolaus. This press release is not
an offer to sell nor a solicitation of an offer to buy shares, nor
shall there be any sale of these securities in any state or
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. Copies of the
prospectus supplement and related prospectus may be obtained from
the offices of UBS Investment Bank, Prospectus Department, 299 Park
Avenue, New York, NY 10171 (telephone: 212-821-3000), or the
offices of Merrill Lynch & Co., 4 World Financial Center, New
York, New York 10080 (telephone: 212-449-1000) or by contacting any
of the co-managing underwriters. A Maryland Real Estate Trust with
transferable shares of beneficial interest listed on the New York
Stock Exchange. No shareholder, Trustee or officer is personally
liable for any act or obligation of the Trust.
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