Senior Housing Properties Trust Announces Underwriters’ Exercise of Over-Allotment Option
December 13 2010 - 8:00AM
Business Wire
Senior Housing Properties Trust (NYSE: SNH) today announced that
the underwriters of its secondary offering have exercised, in full,
their over-allotment option to purchase an additional 1,875,000
shares of beneficial interest, raising additional net proceeds of
approximately $36.8 million. The settlement of the over-allotment
option is expected to occur on December 15, 2010.
The joint book-running managers for this offering are Jefferies
& Company, Inc., BofA Merrill Lynch and Morgan Stanley. The
co-lead managers for this offering are Citi, Morgan Keegan, RBC
Capital Markets, UBS Investment Bank and Wells Fargo Securities.
The co-managers for this offering are BB&T Capital Markets,
Janney Montgomery Scott and Oppenheimer & Co.
This press release is neither 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 by contacting the offices of Jefferies
& Company, Inc., Attn: Equity Syndicate Prospectus Department,
520 Madison Avenue, 12th Floor, New York, NY, 10022 at (877)
547-6340 or Prospectus_Department@Jefferies.com; BofA Merrill
Lynch, 4 World Financial Center, New York, NY 10080, Attn:
Prospectus Department, or by email at
dg.prospectus_requests@baml.com; and Morgan Stanley & Co.
Incorporated, 180 Varick St., 2nd Floor, New York, NY 10014 at
(866) 718-1649 or Attention: Prospectus Department, or by email at
prospectus@morganstanley.com, or by contacting any of the other
managing underwriters.
WARNING REGARDING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS
ARE BASED UPON SNH’S PRESENT EXPECTATIONS, BUT THESE STATEMENTS ARE
NOT GUARANTEED TO OCCUR. FOR EXAMPLE: THE FACT THAT THE
UNDERWRITERS HAVE EXERCISED THEIR OPTION TO PURCHASE 1,875,000
SHARES MAY IMPLY THAT THE SETTLEMENT OF THIS SALE OF SHARES WILL
OCCUR; BUT THE SETTLEMENT IS SUBJECT TO CONDITIONS CUSTOMARY IN
TRANSACTIONS OF THIS TYPE AND MAY BE DELAYED OR MAY NOT OCCUR AT
ALL. INVESTORS SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING
STATEMENTS.
A Maryland Real Estate Investment 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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