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Senior Housing Properties Trust Announces Underwriters' Exercise of Over-Allotment Option.


NEWTON, Mass. -- Senior Housing Properties Trust (NYSE NYSE

See: New York Stock Exchange
: SNH SNH Scottish Natural Heritage
SNH Sunday Night Heat (wrestling)
SNH Society for Netherlandic History
SNH Supervision Network Hub
) today announced that the underwriters of its recent equity offering have exercised their over-allotment option in full to purchase 750,000 additional shares of common stock. The sale price of these additional shares will be $22.06 per share, less underwriting discounts and commissions of $1.02 per share. This sale of the additional shares is expected to close on November 21, 2006. The original public offering of 5,000,000 common shares closed today, November 17, 2006.

The joint book-running managers of this offering were UBS UBS Union Bank of Switzerland
UBS United Bible Societies
UBS United Blood Services
UBS United Buying Service
UBS Used Bookstore
UBS University Business Services
UBS Universal Building Society (UK)
UBS Ulaanbaatar Broadcasting System
 Investment Bank and Merrill Lynch & Co. The joint lead managers for this offering were Morgan Stanley, RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers
Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
  • Canada: RBC Dominion Securities Inc
 and Wachovia Securities. The co-managing underwriters for this offering were Ferris, Baker Watts Incorporated, Janney Montgomery Scott LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, Morgan Keegan & Company, Inc., Oppenheimer & Co., Raymond James and Stifel Nicolaus.

This press release is not an offer to sell nor a solicitation of an offer to buy shares, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Copies of the prospectus supplement and related prospectus may be obtained from the offices of UBS Investment Bank, Prospectus Department, 299 Park Avenue, New York, NY 10171 (telephone: 212-821-3000), or the offices of Merrill Lynch & Co., 4 World Financial Center, New York, New York 10080 (telephone: 212-449-1000) or by contacting any of the co-managing underwriters.

A Maryland Real Estate Trust with transferable shares of beneficial interest listed on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
.

No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 17, 2006
Words:288
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