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EASTGROUP PROPERTIES FILES REGISTRATION STATEMENT WITH SEC

 JACKSON, Miss., Oct. 20 /PRNewswire/ -- EastGroup Properties (AMEX: EGP), an equity real estate investment trust, announced the filing of a registration statement with the Securities and Exchange Commission for an offering 2,100,000 shares of beneficial interest.
 Kidder, Peabody & Co. Incorporated will be the managing underwriter. In addition to the 2,100,000 shares being offered, the company expects to grant a 15 percent over-allotment option to the underwriters.
 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 press release 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 such state.
 -0- 10/20/93
 /CONTACT: N. Keith McKey, executive vice president, chief financial officer and secretary, EastGroup Properties, 601-948-4091/
 (EGP)


CO: EastGroup Properties, Inc. ST: Mississippi IN: SU: OFR

BR-BN -- AT017 -- 4822 10/20/93 17:39 EDT
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Publication:PR Newswire
Date:Oct 20, 1993
Words:204
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