About DCT Industrial Trust®DCT Industrial Trust Inc. is a leading industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico. As of June 30, 2013, the Company owned interests in approximately 74.9 million square feet of properties leased to approximately 870 customers, including 12.3 million square feet operated on behalf of four institutional capital management partners. Forward-Looking Information This press release contains forward-looking statements within the meaning of the Federal securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and could materially affect actual results, performance or achievements. These factors include, without limitation, that the closing of the aforementioned offering is subject to, among other things standard closing conditions and customary rights of the underwriters to terminate the purchase agreement due to any material adverse change in the financial markets in the United States or the international financial markets, any outbreak of hostilities or escalation thereof or other calamity or crisis or any change or development involving a prospective change in national or international political, financial or economic conditions, and other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission. Click here to subscribe to Mobile Alerts for DCT Industrial.
DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial real estate company, announced today that it priced a public offering of 20,000,000 shares of common stock at a price per share of $7.20. In addition, the Company has granted to the underwriters for the public offering an option for 30 days to purchase up to 3,000,000 additional shares of common stock. BofA Merrill Lynch, J.P. Morgan, Citigroup and Jefferies acted as the joint book-running managers for the offering. Subject to customary closing conditions, the offering is expected to close on or about August 13, 2013. 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 $137.5 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 November 20, 2012, 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, New York, New York 10038 or by email at firstname.lastname@example.org; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone 1-866-803-9204.