Senior Housing Properties Trust Announces Proposed Public Offering of 4,500,000 Common Shares
Senior Housing Properties Trust (NYSE: SNH) today announced that it
commenced a public offering of 4,500,000 common shares. SNH expects to
use the proceeds of this offering for general business purposes,
including funding in part pending acquisitions or possible future
acquisitions of properties. It is contemplated that the underwriters
will also be granted a 30-day option to purchase up to an additional
675,000 common shares to cover overallotments, if any.
BofA Merrill Lynch, UBS Investment Bank and Wells Fargo Securities are
the joint book-running managers for this offering.
This press release is not an offer to sell nor a solicitation of an
offer to buy shares, nor shall there be any sale of these securities in
any state or jurisdiction in which the offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of such state or jurisdiction. The preliminary prospectus
supplement relating to this offering and related prospectus are expected
to be filed with the SEC and copies can be obtained by contacting the
offices of BofA Merrill Lynch, Attn: Prospectus Department, 4 World
Financial Center, New York, NY 10080; UBS Investment Bank, Attn:
Prospectus Department, 299 Park Avenue, New York, NY 10171 (telephone:
888-827-7275); and Wells Fargo Securities, LLC, Attn: Equity Syndicate
Department, 375 Park Avenue, New York, N.Y., 10152 (e-mail: equity.syndicate@wachovia.com
or telephone: 800-326-5897).
WARNING REGARDING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND THE
FEDERAL SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
SNH’S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE STATEMENTS ARE NOT
GUARANTEED. FOR EXAMPLE, ALTHOUGH THIS PRESS RELEASE REFERS TO AN
OFFERING OF 4,500,000 COMMON SHARES, MORE OR LESS THAN 4,500,000 COMMON
SHARES MAY BE SOLD OR THIS OFFERING MAY BE WITHDRAWN. INVESTORS SHOULD
NOT PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING STATEMENTS.
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.
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