Capstone Capital Corporation sells 450,000 common shares upon exercise of over-allotment option.BIRMINGHAM, Ala.--(BUSINESS WIRE)--Dec. 27, 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 announced that an additional 450,000 common shares were sold at $18.125 per share pursuant to the exercise of the over-allotment option held by 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. The over-allotment option had been granted to the underwriters in connection with the Company's public offering of 3,000,000 common shares at $18.125 per share which commenced trading on December 7, 1995. 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). to the Company from the offering, including net proceeds from exercise of the over-allotment option, totaled approximately $59.3 million. The net proceeds are expected to be used to repay bank indebtedness and to fund future acquisitions. 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 Robert Jones/Sue Rodney Media Contact: Michelle Zawrotny Morgen-Walke Associates 212-850-5600 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion