First Potomac Realty Trust Announces Pricing of Series A Share Offering at $25/sh

First Potomac Realty Trust

today announced that it has priced, in an underwritten public offering, 4,000,000 of its 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares with a liquidation preference of $25 per share. Dividends for the 7.750% Series A Preferred Shares will be cumulative from the date of original issuance and payable quarterly on or about the fifteenth day of each February, May, August and November, beginning on or about February 15, 2011, at a rate of 7.750% per annum of their liquidation preference, which is equivalent to $1.9375 per annum per share. First Potomac also granted the underwriters a 30-day option to purchase up to an additional 15% of the Series A Preferred Shares initially sold to the public to cover overallotments, if any. First Potomac intends to file an application to list the Series A Preferred Shares on the New York Stock Exchange.