Government Properties (GOV) Proposes Sale of 9.95M CommonWealth (CWH) Shares - InvestingChannel

Government Properties (GOV) Proposes Sale of 9.95M CommonWealth (CWH) Shares

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Government Properties Income Trust (NYSE: GOV) announced that CommonWealth REIT (NYSE: CWH) commenced a public offering of 9,950,000 GOV common shares under an effective registration statement filed by GOV. CWH has agreed to pay all the costs associated with this offering, and GOV will not receive any proceeds from the sale of the shares.

The joint bookrunning managers for this offering are Citigroup, BofA Merrill Lynch and RBC Capital Markets. The joint lead managers are Jefferies, Morgan Stanley and UBS Investment Bank.

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