Underwriters purchase another 1.275M shares of Realty Income

|About: Realty Income Corporation (O)|By:, SA News Editor

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.