FREEHOLD, N.J., Oct. 3,
2018 /PRNewswire/ -- Monmouth Real Estate Investment Corporation
(NYSE: MNR) (the "Company"), a real estate investment trust (REIT)
specializing in net-leased industrial properties, today announced
that it has commenced a public offering of 8,000,000 shares of its
common stock (the "Common Stock"). The Company intends to grant the
underwriters a 30-day option to purchase up to 1,200,000 additional
shares of Common Stock.
The Company intends to use the net proceeds from the offering to
purchase properties and fund expansions of existing properties in
the ordinary course of its business, to repay borrowings
outstanding under its unsecured revolving credit facility, and for
general corporate purposes.
BMO Capital Markets, J.P. Morgan and RBC Capital Markets are the
joint book-running managers for the offering.
The offering will be made pursuant to the Company's currently
effective shelf registration statement filed with the Securities
and Exchange Commission.
The offering of these securities will be made only by means of a
prospectus and a related prospectus supplement, copies of which may
be obtained, when available, by contacting BMO Capital Markets
Corp., Attention: Syndicate Department, 3 Times Square, 25th Floor,
New York, New York 10036 or by
telephone at (800) 414-3627 or by email at bmoprospectus@bmo.com,
J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866)
803-9204, or by email at prospectus-eq_fi@jpmchase.com, or RBC
Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey
Street, 8th Floor, New York, New
York 10281, or by telephone at (877) 822-4089, or by email
at equityprospectus@rbccm.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
ABOUT MONMOUTH REAL ESTATE
INVESTMENT CORPORATION
Monmouth Real Estate Investment Corporation, founded in 1968, is
one of the oldest public equity REITs in the world. The Company
specializes in single tenant, net-leased industrial properties,
subject to long term leases, primarily to investment-grade tenants.
Monmouth Real Estate Investment Corporation is a fully integrated
and self-managed real estate company, whose property portfolio
consists of 111 properties containing a total of approximately 21.2
million rentable square feet, geographically diversified across 30
states. In addition, the Company owns a portfolio of REIT
securities.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements provide the Company's current
expectations or forecasts of future events. Forward-looking
statements include statements about the Company's expectations,
beliefs, intentions, plans, objectives, goals, strategies, future
events, performance and underlying assumptions and other statements
that are not historical facts, including with regard to the
Company's securities offering or the anticipated use of proceeds.
You can identify forward-looking statements by their use of
forward-looking words, such as "may," "will," "anticipate,"
"expect," "believe," "intend," "plan," "should," "seek" or
comparable terms, or the negative use of those words, but the
absence of these words does not necessarily mean that a statement
is not forward-looking. The forward-looking statements are based on
the Company's beliefs, assumptions and expectations of its future
performance, taking into account all information currently
available to it. Forward-looking statements are not predictions of
future events. These beliefs, assumptions and expectations can
change as a result of many possible events or factors, not all of
which are known to the Company. Some of these factors are
described under the headings "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" as included in the Company's Annual Report on Form 10-K
for the fiscal year ended September 30,
2017, its Quarterly Reports on Form 10-Q for the quarterly
periods ended December 31, 2017,
March 31, 2018, and June 30, 2018, and its other periodic
reports filed with the Securities and Exchange Commission, which
are accessible on the Securities and Exchange Commission's website
at www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with other cautionary
statements that are included in the filings. These and other
risks, uncertainties and factors could cause the Company's actual
results to differ materially from those included in any
forward-looking statements it makes. Any forward-looking statement
speaks only as of the date on which it is made. New risks and
uncertainties arise over time, and it is not possible for the
Company to predict those events or how they may affect it. Except
as required by law, the Company is not obligated to, and does not
intend to, update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. You
should not place undue reliance on these forward-looking
statements, as events described or implied in such statements may
not occur.
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SOURCE Monmouth Real Estate Investment Corporation