Select Income REIT Announces the Completion of the Distribution of 45 Million Common Shares of Industrial Logistics Propertie...
27 Dezembro 2018 - 7:30PM
Business Wire
Select Income REIT (Nasdaq: SIR) today announced that it has
completed the distribution of all its 45,000,000 common shares of
beneficial interest of Industrial Logistics Properties Trust
(Nasdaq: ILPT) (the “ILPT common shares”) that it owned in a pro
rata distribution (the “Distribution”). The ILPT common shares were
distributed on December 27, 2018 (the “Distribution Date”) to the
holders of SIR’s common shares of beneficial interest (the “SIR
common shares”) outstanding as of the close of business on December
20, 2018 (the “Record Date”).
Each common shareholder of SIR entitled to receive ILPT shares
in the Distribution received approximately 0.503 ILPT common shares
for each SIR common share outstanding as of the Record Date,
subject to cash payment in lieu of any fractional shares.
The Distribution is a condition of closing SIR’s merger (the
“Merger”) with Government Properties Income Trust (Nasdaq: GOV),
which merger was approved by SIR shareholders at SIR’s special
meeting of shareholders held on December 20, 2018 and is expected
to be effective December 31, 2018.
SIR expects that approximately half of its 2018 cash and other
distributions (including the Distribution) will be a nontaxable
return of capital to SIR’s shareholders.
For more information, shareholders who are record holders of SIR
common shares should contact SIR’s transfer agent, registrar and
dividend disbursing agent, EQ Shareowner Services, at (855)
598-5491. Shareholders who hold SIR common shares in an account
with a broker, bank or other nominee should contact such broker,
bank or other nominee.
Select Income REIT is a real estate investment trust, or REIT,
which owns properties that are primarily net leased to single
tenants. SIR is managed by the operating subsidiary of The RMR
Group Inc. (Nasdaq: RMR), an alternative asset management company
that is headquartered in Newton, MA.
WARNING REGARDING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD
LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO,
WHENEVER SIR USES WORDS SUCH AS “BELIEVE”, “EXPECT”, “ANTICIPATE”,
“INTEND”, “PLAN”, “ESTIMATE”, “WILL”, “MAY” AND NEGATIVES OR
DERIVATIVES OF THESE OR SIMILAR EXPRESSIONS, SIR IS MAKING FORWARD
LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
SIR’S PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT FORWARD LOOKING
STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. ACTUAL
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY
SIR’S FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS.
FOR EXAMPLE:
- THE CLOSING OF THE MERGER IS SUBJECT TO
THE SATISFACTION OR WAIVER OF CERTAIN CONDITIONS. SIR CANNOT BE
SURE THAT ANY OR ALL OF SUCH CONDITIONS WILL BE SATISFIED OR
WAIVED. ACCORDINGLY, THE MERGER MAY NOT CLOSE WHEN EXPECTED OR
AT ALL, OR THE TERMS OF THE MERGER MAY CHANGE.
- THIS NEWS RELEASE STATES THAT SIR
EXPECTS THAT APPROXIMATELY HALF OF ITS 2018 CASH AND OTHER
DISTRIBUTIONS (INCLUDING THE DISTRIBUTION) WILL BE A NON-TAXABLE
RETURN OF CAPITAL TO SIR’s SHAREHOLDERS; HOWEVER, THE TAX
CHARACTERIZATION OF THE DISTRIBUTION AND DETERMINATION OF ITS TAX
LIABILITY WILL NOT BE FINALIZED UNTIL EARLY 2019 AND COULD DIFFER
FROM THIS EXPECTATION. UPON RECEIPT OF THIS INFORMATION,
SHAREHOLDERS ARE ADVISED TO CONSULT WITH THEIR TAX
PROFESSIONALS.
THE INFORMATION CONTAINED IN SIR’S FILINGS WITH THE SEC,
INCLUDING UNDER THE CAPTION “RISK FACTORS” IN SIR’S ANNUAL REPORT
ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2017 AND THE JOINT
PROXY STATEMENT/PROSPECTUS FILED BY SIR ON NOVEMBER 16, 2018, AS IT
MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, IDENTIFIES OTHER
IMPORTANT FACTORS THAT COULD CAUSE SIR’S ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THOSE STATED IN OR IMPLIED BY SIR’S FORWARD LOOKING
STATEMENTS. SIR’S FILINGS WITH THE SEC ARE AVAILABLE ON THE SEC’S
WEBSITE AT WWW.SEC.GOV.
YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING
STATEMENTS.
EXCEPT AS REQUIRED BY LAW, SIR DOES NOT INTEND TO UPDATE OR
CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW
INFORMATION, FUTURE EVENTS OR OTHERWISE.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq.No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181227005339/en/
Olivia Snyder, Manager, Investor Relations(617)
796-8320www.sirreit.com
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