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HRPT Properties Trust Announces Subsidiary IPO Filing

^{Published on 2009-02-23 05:23:01, Last Modified on 2009-02-23 05:23:39 - Market Wire}
 

NEWTON, Mass.--([ BUSINESS WIRE ])--HRPT Properties Trust (NYSE: HRP) announced that its subsidiary, Government Properties Income Trust, has filed a registration statement with the Securities and Exchange Commission, or SEC, for an initial public offering of common shares. Government Properties Income Trust will own 29 properties which are leased to the U.S. Government and several state governments. Upon completion of the public offering, HRP will continue to own approximately 49.9% of Government Properties Income Trust, and public investors will own approximately 50.1%.

Merrill Lynch & Co. is listed as the bookrunning manager for this public offering.

A registration statement relating to these securities has been filed with the SEC 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 a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the prospectus relating to the offering may be obtained, when available, from Merrill Lynch & Co., Prospectus Department, 4 World Financial Center, New York, NY 10080 (telephone: 212-449-1000).

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange.No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.