Equity Commonwealth Announces $150 Million Share Repurchase Authorization
01 Março 2021 - 6:10PM
Business Wire
Equity Commonwealth (NYSE: EQC) announced today that its Board
of Trustees authorized the repurchase, through June 30, 2022, of an
additional $150 million of its outstanding common shares under the
company’s existing share repurchase program. The prior
authorization will expire on March 10, 2021.
Any purchases made pursuant to the program will be made from
time to time in the open market, privately negotiated transactions
or other manners as permitted by federal securities laws. 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 a Chicago based, internally
managed and self-advised real estate investment trust (REIT) with
commercial office properties in the United States. EQC’s same
property portfolio is comprised of 4 properties and 1.5 million
square feet.
Regulation FD Disclosures
We use any of the following to comply with our disclosure
obligations under Regulation FD: press releases, SEC filings,
public conference calls, or our website. We routinely post
important information on our website at www.eqcre.com, including
information that may be deemed to be material. We encourage
investors and others interested in the company to monitor these
distribution channels for material disclosures.
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, any
statements regarding future share repurchases. 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
Securities Exchange Act of 1934, as amended. 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,” “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.
Any 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). 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210301005852/en/
Investor Contact Sarah Byrnes, Equity Commonwealth, (312)
646-2801
Equity Commonwealth (NYSE:EQC)
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