Winthrop Realty Trust Announces Offering of Its 9.25% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest
19 Marzo 2012 - 3:36PM
Winthrop Realty Trust (NYSE:FUR) ("Winthrop") today announced it
has commenced an underwritten public offering of its shares of
Series D Cumulative Redeemable Preferred Shares of Beneficial
Interest. Barclays Capital Inc., Stifel, Nicolaus & Company,
Incorporated and Jefferies & Company, Inc. are acting as joint
book-running managers for the offering. Credit Suisse Securities
(USA) LLC and KeyBanc Capital Markets Inc. are acting as joint lead
managers and JMP Securities LLC is acting as a
co-manager. Winthrop expects to grant the underwriters an
option to purchase additional Series D Preferred Shares to cover
overallotments.
This offering is a re-opening of Winthrop's original issuance of
Series D Preferred Shares, which occurred on November 28,
2011. There are currently 1,600,000 Series D Preferred Shares
issued and outstanding which are listed on the New York Stock
Exchange, symbol "FUR Pr D." On March 16, 2012, the last
reported sale price of the Series D Preferred Shares was $25.89 per
share. Winthrop intends to file an application to list the
additional Series D Preferred Shares to be issued in connection
with the offering on the New York Stock Exchange.
Winthrop intends to use the net proceeds from the offering to
fund future acquisitions, pay down borrowings under its credit
facility, repurchase its common shares and/or for general working
capital purposes, including funding capital expenditures, tenant
improvements and leasing commissions.
The offering is being made pursuant to Winthrop's effective
shelf registration statement previously 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 the prospectus and prospectus supplement
may be obtained from Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, by email at Barclaysprospectus@broadridge.com or by
telephone at (888) 603-5847; from Stifel, Nicolaus &
Company, Incorporated, One South Street, 15th Floor, Baltimore, MD
21202, Attention: Syndicate Department or by telephone at (443)
224‐1988; or from Jefferies & Company, Inc., Attn: Debt Capital
Markets, 520 Madison Avenue, 8th Floor, New York, NY, 10022 or by
telephone at (201) 761-7610 or by email at
Prospectus_Department@Jefferies.com.
An electronic copy of the prospectus supplement and the
accompanying prospectus will also be available on the website of
the Securities and Exchange Commission at http://www.sec.gov.
This communication shall 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 state in which the offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of that state.
Winthrop Realty Trust is a NYSE-listed real estate investment
trust (REIT) headquartered in Boston,
Massachusetts. Additional information on Winthrop Realty Trust
is available on its Web site at www.winthropreit.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995. With the exception of the historical
information contained in this news release, the matters described
herein contain "forward-looking" statements that involve risk and
uncertainties that may individually or collectively impact the
matters herein described. These are detailed from time to time
in the "Risk Factors" section of the Company's SEC
reports. Further information relating to the Company's
financial position, results of operations, and investor information
is contained in the Company's annual and quarterly reports filed
with the SEC and available for download at its website
www.winthropreit.com or at the SEC website www.sec.gov.
CONTACT: At Winthrop Realty Trust
Beverly Bergman
Investor or Media Inquiries
Phone: (617) 570-4614; e-mail: bbergman@firstwinthrop.com
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