Capital Automotive Announces Planned Preferred Share Offering
19 Aprile 2004 - 3:39PM
PR Newswire (US)
Capital Automotive Announces Planned Preferred Share Offering
MCLEAN, Va., April 19 /PRNewswire-FirstCall/ -- Capital Automotive
REIT , the nation's leading specialty finance company for
automotive retail real estate, today announced that it will file
with the Securities and Exchange Commission a preliminary
prospectus supplement to a shelf registration statement for the
public offering of 4,000,000 Series B Cumulative Redeemable
Preferred Shares. The Company will also grant the underwriters an
over-allotment option to purchase up to 600,000 additional Series B
preferred shares. All of the Series B preferred shares are being
sold by the Company. Credit Suisse First Boston and A.G. Edwards
& Sons, Inc. are expected to be joint bookrunners and joint
lead managers. Co-managers are expected to be Ferris, Baker Watts,
Incorporated, Friedman Billings Ramsey, JPMorgan, RBC Capital
Markets, BB&T Capital Markets, KeyBanc Capital Markets and
Raymond James. Copies of the prospectus supplement may be obtained
from the offices of Credit Suisse First Boston, Prospectus
Department, One Madison Avenue, New York, New York 10010,
telephone: 212-325-2580, or by faxing your request to 212-325-8057,
or from the offices of A.G. Edwards & Sons, Inc., One North
Jefferson Avenue, St. Louis, Missouri 63103, telephone:
314-955-3000. About Capital Automotive Capital Automotive,
headquartered in McLean, Virginia, is a self- administered,
self-managed real estate investment trust that acquires real
property and improvements used by operators of multi-site,
multi-franchised automotive dealerships and related businesses.
Additional information on Capital Automotive is available on the
Company's Web site at http://www.capitalautomotive.com/. Contact
Information David S. Kay Senior Vice President, Chief Financial
Officer and Treasurer Capital Automotive REIT 703.394.1302
DATASOURCE: Capital Automotive REIT CONTACT: David S. Kay, Senior
Vice President, Chief Financial Officer and Treasurer, of Capital
Automotive REIT, +1-703-394-1302 Web site:
http://www.capitalautomotive.com/
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