Winthrop Realty Trust FUR today announced that it has commenced an offering of 5,000,000 common shares of beneficial interest in a registered public offering. Winthrop's management and its affiliates have agreed to purchase in the offering 200,000 common shares at the same price as will be initially offered by the underwriters to others. In connection with the offering, Winthrop intends to grant the underwriters an option for 30 days to purchase up to an additional 750,000 shares of common stock to cover over-allotments, if any.
Winthrop intends to use the net proceeds from the offering to make additional investments and for general corporate purposes.
Barclays Capital Inc. and KeyBanc Capital Markets Inc. are acting as joint book-runners for the offering. 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 or from KeyBanc Capital Markets Inc., Attention: Equity Syndicate Department, 127 Public Square, 4th Floor, Cleveland, OH 44114 or by telephone at (800) 859-1783.
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