Seeking Alpha

Underwriters purchase another 1.275M shares of Realty Income

  • The Monthly Dividend Company (O +2.2%) completes a well-executed secondary offering as the underwriters exercise their full greenshoe option, buying an additional 1.275M shares at the $40.63 offering price (stock's currently at $42.39).
  • Combined with the offering boost (from 6.5M to 8.5M shares) Realty Income sold 9.775M shares and netted about $378M with which to fund more acquisitions.
  • Press release.
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