NEWTON, Mass.--(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.
Senior Housing Properties Trust
Timothy A. Bonang, 617-796-8234
Vice
President, Investor Relations
or
Elisabeth A. Heiss,
617-796-8234
Manager, Investor Relations
Source: Senior Housing Properties Trust
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