CAPSTONE CAPITAL CORPORATION COMMENCES STOCK OFFERING.BIRMINGHAM, Alabama--(BUSINESS WIRE)--December 7, 1995-- Capstone Capital Corporation (NYSE NYSE See: New York Stock Exchange :CCT CCT Circuit CCT Commission Canadienne du Tourisme (Canadian Tourism Commission) CCT Correlated Color Temperature CCT Common Customs Tariff (EU) CCT Certificate of Completion of Training ) today commenced its public offering of 3,000,000 shares of its common stock at $18.125 per share. The Company has granted the underwriters an option to purchase up to 450,000 additional shares from the Company to cover over-allotments, if any. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering are expected to be used to repay bank indebtedness and to fund future acquisitions. Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Inc., PaineWebber Incorporated, J.C. Bradford & Co. and Cowen & Company are the managing underwriters for the public offering. The offering of the common stock is being made only by a prospectus, a copy of which may be obtained from the offices of Smith Barney Inc., 388 Greenwich Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10013, PaineWebber, Inc., 1285 Avenue of the Americas, New York, NY 10019, J.C. Bradford, & Co., 330 Commerce Street, Nashville, TN 37201 and Cowen & Company, One Exchange Place, Boston, MA 02109. This communication does not constitute an offer to sell or the solicitation of an offer to buy any such common stock. Capstone Capital Corporation is a self-administered real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) which currently owns, leases and provides financing for 42 healthcare related properties located in 13 states that are diversified as to operator, facility type and healthcare industry segment. CONTACT: Capstone Capital Corporation Andrew L. Kizer Chief Financial Officer 205/967-2092 or Morgen-Walke Associates Robert Jones/John D. Lovallo Media Contact: Michelle Zawrotny 212/850-5600 |
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