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Realty Income Closes Common Stock Offering And Underwriters Exercise Full Over-allotment Option

ESCONDIDO, Calif., Oct. 25, 2013 /PRNewswire/ -- Realty Income Corporation (Realty Income), The Monthly Dividend Company ® , (NYSE: O), announced that in addition to the already upsized 8,500,000 share common stock offering, an additional 1,275,000 shares were purchased by the underwriters upon the exercise of their over-allotment option. With the full exercise of the over-allotment option, the total shares sold in the offering, which closed today, was 9,775,000 shares, and the total net proceeds from the offering, after underwriting discounts and offering expenses payable by the company, is approximately $378 million.

(Logo: http://photos.prnewswire.com/prnh/20130507/MM09486LOGO)

The net proceeds from the offering will be used to repay borrowings under the company's $1.0 billion acquisition credit facility, which were, and will be, used to fund real estate acquisitions.

All of the shares were sold by the company. The underwriters for the offering are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, J.P. Morgan, Jefferies, RBC Capital Markets, and UBS Investment Bank (joint book-running managers), Baird, Citigroup, Credit Suisse, and Raymond James, (co-lead managers), BB&T Capital Markets, Piper Jaffray and Stifel Nicolaus Weisel (senior co-managers), and BNY Mellon Capital Markets, LLC and Ladenburg Thalmann (co-managers). 

A copy of the prospectus supplement and the related prospectus pertaining to the offering may be obtained from BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attn: Prospectus Department or email dg.prospectus_requests@baml.com; or Morgan Stanley, 180 Varick Street, 2 nd Floor, New York, New York, 10014, Attn: Prospectus Department, telephone 1.866.718.1649 (toll-free) or email: prospectus@morganstanley.com; or Wells Fargo Securities, Attn: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, telephone: 1.800.326.5897 or email: cmclientsupport@wellsfargo.com.

These securities are offered pursuant to a Registration Statement that has become effective under the Securities Act. These securities are only offered by means of the prospectus included in the Registration Statement and the preliminary prospectus supplement related to the offering. This press release 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 or other jurisdiction where the offer, solicitation, or sale of these securities would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.   

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