Government Properties Income Trust Announces Underwriters’ Partial Exercise of Option to Purchase Additional Shares

Government Properties Income Trust (Nasdaq:GOV) today announced that the underwriters of its recent public offering of common shares have partially exercised their option to purchase an additional 2,907,029 common shares of beneficial interest at a price to the public of $18.50 per common share, raising additional net proceeds (after payment of the underwriting discount and other estimated offering expenses payable by GOV) of approximately $51.5 million. The settlement for such shares is expected to occur on August 3, 2017.

The joint bookrunning managers for this offering were Citigroup, BofA Merrill Lynch, Morgan Stanley and UBS Investment Bank. The joint lead managers for this offering were Baird, BB&T Capital Markets, D.A. Davidson & Co., FBR & Co., Janney Montgomery Scott, JMP Securities, Mizuho Securities and Oppenheimer & Co.

This press release is neither 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. The prospectus supplement relating to this offering and related prospectus have been filed with the Securities and Exchange Commission (SEC) and copies can be obtained when available by contacting the offices of: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (800) 831-9146; BofA Merrill Lynch, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, email: dg.prospectus_requests@baml.com; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY, 10019 or by calling (888) 827-7275.

WARNING CONCERNING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE INCLUDES FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON GOV'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED. FOR EXAMPLE: THE FACT THAT THE UNDERWRITERS HAVE PARTIALLY EXERCISED THEIR OPTION TO PURCHASE 2,907,029 SHARES MAY IMPLY THAT THE SETTLEMENT OF THIS SALE OF SHARES WILL OCCUR; BUT THE SETTLEMENT IS SUBJECT TO CONDITIONS CUSTOMARY IN TRANSACTIONS OF THIS TYPE, AND MAY BE DELAYED OR MAY NOT OCCUR AT ALL. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170731005354/en/