Equity Commonwealth Announces $100 Million Share Repurchase Program
24 Agosto 2015 - 8:11PM
Business Wire
Equity Commonwealth (NYSE: EQC) announced today that its Board
of Trustees has authorized the repurchase of up to $100 million of
its outstanding common shares over the next 12 months.
Purchases made pursuant to the program will be made from time to
time in the open market, in privately negotiated transactions or in
other manners as permitted by federal securities laws and other
legal requirements. The timing, manner, price and amount of any
repurchases will be determined by the company in its discretion and
will be subject to economic and market conditions, stock price,
applicable legal requirements and other factors. The program may be
suspended or discontinued at any time.
About Equity Commonwealth
Equity Commonwealth (NYSE: EQC) is an internally managed and
self-advised real estate investment trust (REIT) with commercial
office properties throughout the United States. EQC has a portfolio
comprising 86 properties and 29.4 million square feet with
executive offices in Chicago, IL.
Forward-Looking Statements
Some of the statements contained in this press release
constitute forward-looking statements within the meaning of the
federal securities laws, including, but not limited to, statements
regarding our plans and expectations with respect to our new share
repurchase program. Any forward-looking statements contained in
this press release are intended to be made pursuant to the safe
harbor provisions of Section 21E of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning
matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “may,” “will,” “should,” “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,” or
“potential” or the negative of these words and phrases or similar
words or phrases which are predictions of or indicate future events
or trends and which do not relate solely to historical matters. You
can also identify forward-looking statements by discussions of
strategy, plans or intentions.
The forward-looking statements contained in this press release
reflect the company’s current views about future events and are
subject to numerous known and unknown risks, uncertainties,
assumptions and changes in circumstances that may cause the
company’s actual results to differ significantly from those
expressed in any forward-looking statement. We do not guarantee
that the transactions and events described will happen as described
(or that they will happen at all).
While forward-looking statements reflect the company’s good
faith beliefs, they are not guarantees of future performance. We
disclaim any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes. For a further discussion of these and
other factors that could cause the company’s future results to
differ materially from any forward-looking statements, see the
section entitled “Risk Factors” in the company’s most recent Annual
Report on Form 10-K and in the company’s Quarterly Reports on Form
10-Q for subsequent quarters.
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version on businesswire.com: http://www.businesswire.com/news/home/20150824005997/en/
Equity CommonwealthSarah Byrnes, Investor Relations(312)
646-2801www.eqcre.com
Equity Commonwealth (NYSE:EQC)
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