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DCT Industrial Trust® Announces Pricing Of Public Offering Of Common Stock

Stock quotes in this article: DCT 

DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial real estate company, announced today that it priced a public offering of 16,500,000 shares of common stock at a price per share of $6.20. In addition, the Company has granted to the underwriters for the public offering an option for 30 days to purchase up to 2,475,000 additional shares of common stock. BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities and Citigroup acted as the joint book-running managers for the offering. Subject to customary closing conditions, the offering is expected to close on or about September 10, 2012.

The estimated net proceeds to the Company from the offering, before giving effect to any exercise of the underwriters’ option to purchase additional shares, are expected to be approximately $97.6 million. The Company intends to use the net proceeds received from this offering for future acquisitions, development activities, repayment of amounts outstanding under its senior unsecured revolving credit facility, general corporate purposes, or a combination of the foregoing.

The offering was made pursuant to a prospectus supplement to the Company’s prospectus, dated March 23, 2010, filed as part of the Company’s effective shelf registration statement relating to these securities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Copies of the prospectus supplement and accompanying prospectus relating to these securities, when available, may be obtained from:

BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, 7 th Floor, New York, NY 10038 or by email at dg.prospectus_requests@baml.com; or

J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone 1-866-803-9204.

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