Printer Friendly

MERRY LAND FILES COMMON STOCK OFFERING

 MERRY LAND FILES COMMON STOCK OFFERING
 AUGUSTA, Ga., May 27 /PRNewswire/ -- Peter S. Knox III, chairman


of the board of Merry Land & Investment Company, Inc. (NYSE: MRY), announced today that the company filed a registration statement with the Securities and Exchange Commission for a proposed offering of 2,500,000 shares of common stock to be underwritten by Alex. Brown & Sons Incorporated and Interstate/Johnson Lane Incorporated.
 The offering is expected in July. Merry Land will have approximately 12 million shares of common stock outstanding following the offering. The company's common stock is traded on the New York Stock Exchange.
 The company said proceeds will be used to purchase apartment communities in the South Atlantic region of the United States.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A prospectus for the offering may be obtained from Merry Land & Investment Company, Inc., P.O. Box 1417, Augusta, GA 30903.
 Merry Land is a real estate investment trust headquartered in Augusta, Ga., which specializes in the acquisition and operation of apartment communities in the South Atlantic region of the United States.
 -0- 5/27/92
 /CONTACT: Tennent Houston, president of Merry Land & Investment Company, 404-722-6756/
 (MRY) CO: Merry Land & Investment Company, Inc. ST: Georgia IN: SU: OFR


BR-EA -- AT014 -- 4504 05/27/92 18:50 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 27, 1992
Words:303
Previous Article:HILLHAVEN ANNOUNCES DECISION TO RETAIN RETIREMENT HOUSING COMMUNITIES; BOARD APPOINTMENT
Next Article:MAGNA INTERNATIONAL REPORTS RESULTS
Topics:


Related Articles
MERRY LAND APPLIES TO LIST ON NEW YORK STOCK EXCHANGE
MERRY LAND TO FILE REGISTRATION STATEMENT WITH SEC
MERRY LAND COMPLETES COMMON STOCK OFFERING
MERRY LAND FILES COMMON STOCK OFFERING
MERRY LAND FILES CONVERTIBLE PREFERRED STOCK OFFERING
MERRY LAND FILES COMMON STOCK OFFERING
MERRY LAND ANNOUNCES COMMON STOCK OFFERING
DCR ASSIGNS RATINGS TO MERRY LAND & INVESTMENT COMPANY, INC.
DCR Assigns 'BBB' Rating to Merry Land & Investment Company $50 Million Series D Preferred Stock
Merry Land Board Approves Newco Distribution.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters