Print Print page
« Back
March 19, 2012 at 12:00 AM EDT

Winthrop Realty Trust Announces Offering of Its 9.25% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest

BOSTON, March 19, 2012 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR) ("Winthrop") today announced it has commenced an underwritten public offering of its shares of Series D Cumulative Redeemable Preferred Shares of Beneficial Interest. Barclays Capital Inc., Stifel, Nicolaus & Company, Incorporated and Jefferies & Company, Inc. are acting as joint book-running managers for the offering. Credit Suisse Securities (USA) LLC and KeyBanc Capital Markets Inc. are acting as joint lead managers and JMP Securities LLC is acting as a co-manager. Winthrop expects to grant the underwriters an option to purchase additional Series D Preferred Shares to cover overallotments. 

This offering is a re-opening of Winthrop's original issuance of Series D Preferred Shares, which occurred on November 28, 2011. There are currently 1,600,000 Series D Preferred Shares issued and outstanding which are listed on the New York Stock Exchange, symbol "FUR Pr D." On March 16, 2012, the last reported sale price of the Series D Preferred Shares was $25.89 per share. Winthrop intends to file an application to list the additional Series D Preferred Shares to be issued in connection with the offering on the New York Stock Exchange.

Winthrop intends to use the net proceeds from the offering to fund future acquisitions, pay down borrowings under its credit facility, repurchase its common shares and/or for general working capital purposes, including funding capital expenditures, tenant improvements and leasing commissions.

The offering is being made pursuant to Winthrop's effective shelf registration statement previously filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus and a related prospectus supplement. Copies of the prospectus and prospectus supplement may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email at or by telephone at (888) 603-5847;  from Stifel, Nicolaus & Company, Incorporated, One South Street, 15th Floor, Baltimore, MD 21202, Attention: Syndicate Department or by telephone at (443) 224‐1988; or from Jefferies & Company, Inc., Attn: Debt Capital Markets, 520 Madison Avenue, 8th Floor, New York, NY, 10022 or by telephone at (201) 761-7610 or by email at

An electronic copy of the prospectus supplement and the accompanying prospectus will also be available on the website of the Securities and Exchange Commission at

This communication 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 the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state.

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

"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.comor at the SEC website

CONTACT: At Winthrop Realty Trust

         Beverly Bergman

         Investor or Media Inquiries

         Phone: (617) 570-4614; e-mail: