Winthrop Realty Trust Floats New Stock Issue

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Winthrop Realty Trust is tapping the markets for a round of capital raising. The real estate investment trust is floating 2.75 million common shares of its stock in an underwritten public offering priced at $11.45 per share. Additionally, the company's underwriters have been granted a 30-day purchase option for up to an additional 412,500 shares.

Winthrop said it plans to use the proceeds of the issue primarily to fund acquisitions. It may use a portion of the monies for "general working capital purposes, including funding capital expenditures, tenant improvements and leasing commissions."

The joint book-runners of the offering are Stifel Financial's Stifel Nicolaus and JMP Securities.


At the moment, Winthrop has nearly 33.7 million shares outstanding, and its stock most recently closed at $11.23 per share.

The article Winthrop Realty Trust Floats New Stock Issue originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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