Business & Finance
Business and Finance
Business and Finance
Tue, January 13, 2009
Mon, January 12, 2009 Ramco-Gershenson Announces the Filing of a Shelf Registration Statement
FARMINGTON HILLS, Mich.--([ BUSINESS WIRE ])--Ramco-Gershenson Properties Trust(NYSE:RPT) announced today that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). The Company's previous shelf registration statement expired in December of 2008. The new shelf registration statement will allow the Company to raise capital from time to time, up to an aggregate of $300 million, through the sale of common and preferred stock, debt securities, equity warrants, rights and other securities. In connection with the S-3 filing, the Company entered into a sales agreement with Cantor Fitzgerald & Co., under which the Company may sell from time to time up to 3,000,000 common shares.
"We filed a new shelf registration statement as a housekeeping measure because our previous statement had expired," said Dennis Gershenson, President and Chief Executive Officer. "The Cantor Fitzgerald agreement provides us additional flexibility in sourcing capital through the equity markets at such time it is prudent to do so."
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.
A copy of the prospectus included in the registration statement may be obtained at the SEC's website at [ www.sec.gov ]. In addition, prospectus supplements or amendments to the prospectus may be filed with the SEC in the future in connection with particular offerings. When available, copies of the prospectus and any prospectus supplement relating to a particular offering may be obtained at the SEC's website or by contacting Ramco-Gershenson Properties Trust, 31500 Northwestern Highway, Suite 300, Farmington Hills, Michigan 48334, Attn: Investor Relations.
About Ramco-Gershenson Properties Trust
Ramco-Gershenson Properties Trust, headquartered in Farmington Hills, Michigan, is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT), which owns, develops, acquires, manages and leases community shopping centers, regional malls and single tenant retail properties, nationally. The Trust owns interests in 89 shopping centers totaling approximately 20.1 million square feet of gross leasable area in Michigan, Florida, Georgia, Ohio, Wisconsin, Tennessee, Indiana, New Jersey, Virginia, South Carolina, North Carolina, Maryland and Illinois. For additional information regarding Ramco-Gershenson Properties Trust visit the Trust's website at [ www.rgpt.com ].
This press release contains forward-looking statements with respect to the operation of certain of the Trust's properties. Management of Ramco-Gershenson believes the expectations reflected in the forward-looking statements made in this press release are based on reasonable assumptions. Certain factors could occur that might cause actual results to vary. These include general economic conditions, the strength of key industries in the cities in which the Trust's properties are located, the performance of the Trust's tenants at the Trust's properties and elsewhere and other factors discussed in the Trust's reports filed with the Securities and Exchange Commission.
