NEWTON, Mass.--(BUSINESS WIRE)--
CommonWealth REIT (NYSE: CWH) today announced that its subsidiary,
Select Income REIT, or SIR, has filed a registration statement with the
Securities and Exchange Commission, or SEC, for an initial public
offering of common shares. SIR will primarily own and invest in net
leased, single tenant properties, and it will own substantially all of
CWH’s commercial and industrial properties located in Hawaii as well as
25 suburban office and industrial properties located throughout the U.S.
Upon completion of the public offering, it is expected that CWH will
continue to own a substantial majority of SIR’s outstanding common
shares.
The joint bookrunning managers listed for this public offering are
Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities.
A registration statement relating to these securities has been filed
with the SEC but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Copies of the prospectus relating to the offering may be obtained, when
available, from Morgan Stanley, Attention: Prospectus Department 180
Varick Street, 2nd Floor, New York, NY 10014, telephone:
1-866-718-1649 or email: [email protected], BofA Merrill
Lynch, 4 World Financial Center, New York, NY 10080, Attention:
Prospectus Department, email: [email protected] or Wells
Fargo Securities, 375 Park Avenue, New York, NY 10152, Attention: Equity
Syndicate Department, telephone: 1-800-326-5897 or email:
[email protected].
WARNING REGARDING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF FEDERAL SECURITIES LAWS, INCLUDING, BUT NOT LIMITED TO,
STATEMENTS REGARDING SIR’S INTENTION TO CONDUCT AN INITIAL PUBLIC
OFFERING, THE PROPERTIES THAT SIR EXPECTS TO OWN AND INVEST IN AND CWH’S
EXPECTED OWNERSHIP OF SIR AFTER THE OFFERING. ACTUAL EVENTS COULD DIFFER
MATERIALLY FROM THOSE ANTICIPATED IN FORWARD LOOKING STATEMENTS AS A
RESULT OF CERTAIN FACTORS, INCLUDING BUT NOT LIMITED TO: ADVERSE CHANGES
IN GENERAL ECONOMIC OR MARKET CONDITIONS OR IN THE DEBT OR EQUITY
MARKETS, THE RISK THAT SIR MAY NOT BE ABLE TO SUCCESSFULLY COMPLETE THE
OFFERING IN ITS EXPECTED TIMEFRAME OR AT ALL AND OTHER IMPORTANT FACTORS
DISCLOSED PREVIOUSLY AND FROM TIME TO TIME IN CWH’S FILINGS WITH THE
SEC. CWH DISCLAIMS ANY OBLIGATION TO UPDATE ANY FORWARD LOOKING
STATEMENTS AFTER THE DATE OF THIS RELEASE.
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.
CommonWealth REIT
Timothy A. Bonang, 617-796-8222
Vice
President, Investor Relations
or
Carlynn Finn, 617-796-8222
Senior
Manager, Investor Relations
Source: CommonWealth REIT