Winthrop Realty Trust Announces Preliminary Results Of Its Rights Offering

PR Newswire

posted: 81 DAYS 8 HOURS AGO

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BOSTON, Nov. 20 /PRNewswire-FirstCall/ -- Winthrop Realty Trust (NYSE: FUR) announced today the preliminary results of its rights offering to existing shareholders for the sale of its common shares of beneficial interest. Subscriptions, including rights exercised through notice of guaranteed delivery, were received for at least 4,453,069 shares including shares issuable pursuant to oversubscription rights, resulting in gross proceeds of not less than $40.3 million. Over-subscribing shareholders will be allocated all of the shares for which they over-subscribed.

Winthrop Realty Trust is a NYSE-listed real estate investment trust (REIT) headquartered in Boston, Massachusetts. Additional information on Winthrop Realty Trust is available on its Web site at www.winthropreit.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. With the exception of the historical information contained in this news release, the matters described herein contain "forward-looking" statements that involve risk and uncertainties that may individually or collectively impact the matters herein described. These are detailed from time to time in the "Risk Factors" section of the Company's SEC reports. Further information relating to the Company's financial position, results of operations, and investor information is contained in the Company's annual and quarterly reports filed with the SEC and available for download at its website www.winthropreit.com or at the SEC website www.sec.gov .

SOURCE Winthrop Realty Trust

2009-11-20 08:00:00