CHICAGO--(BUSINESS WIRE)-- Equity Commonwealth (NYSE: EQC) today announced that its Board of Trustees has called for redemption, on May 15, 2016 (the “Redemption Date”), all $275 million of its outstanding 7.25% Series E Cumulative Redeemable Preferred Shares (the “Series E Preferred Shares”). The Series E Preferred Shares will be redeemed at a price of $25 per share, plus any accrued and unpaid dividends (the “Redemption Price”), on May 16, 2016, the first business day after the Redemption Date.

From the Redemption Date forward, dividends will no longer accrue and holders will have no rights other than the right to receive the Redemption Price, without interest, upon surrender of the Series E Preferred Shares. Upon redemption, the Series E Preferred Shares will no longer be outstanding and will be delisted from trading on the New York Stock Exchange on the Redemption Date.

All Series E Preferred Shares are held in book-entry form through the Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC. Payment to DTC for the Series E Preferred Shares will be made by Wells Fargo Shareowner Services, as redemption agent. The address for the redemption agent is as follows:

Wells Fargo Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120-4100
1-855-235-0840

About Equity Commonwealth

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties throughout the United States. As of February 17, 2016, EQC’s same-property portfolio comprised 64 properties and 23.5 million square feet.

Forward-Looking Statements

This press release may contain forward-looking statements and information within the meaning of the federal securities laws, including with respect to the redemption of the Series E Preferred Shares. These statements are based on current expectations, estimates, projections and assumptions made by management. While Equity Commonwealth management believes the assumptions underlying its forward-looking statements are reasonable, such information is inherently subject to uncertainties and may involve certain risks. Other risks and uncertainties are described under the heading “Risk Factors” in our Annual Report on Form 10-K and subsequent periodic reports filed with the Securities and Exchange Commission (SEC) and available on our website, www.eqcre.com. Many of these uncertainties and risks are difficult to predict and beyond management’s control. Forward-looking statements are not guarantees of future performance, results or events. Equity Commonwealth assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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Equity Commonwealth
Sarah Byrnes, (312) 646-2801

Source: Equity Commonwealth