ESCONDIDO, Calif., Feb. 27 /PRNewswire-FirstCall/ -- Realty Income
Corporation (Realty Income), "The Monthly Dividend Company," (NYSE: O) today
announced the completion of an offering by the Company of 273,150 shares of
common stock to a unit investment trust. Net proceeds to Realty Income from
the offering were approximately $8.2 million. The shares were sold to Salomon
Smith Barney who served as the sole underwriter for the offering. The
proceeds of the offering will be used to repay a portion of Realty Income's
acquisition credit facility.
It is anticipated that Salomon Smith Barney will deposit the shares with
the trustee of The Equity Focus Trusts - REIT Portfolio Series, 2002-A, a
newly-formed registered unit investment trust comprised of shares from a
number of publicly traded real estate investment trusts (REITs).
Realty Income, "The Monthly Dividend Company," is a New York Stock
Exchange real estate company dedicated to providing shareholders with
dependable monthly income. To date the Company has paid 379 consecutive
monthly dividend payments throughout its 33-year operating history. The
monthly income is supported by the cash flow from 1,123 retail properties
owned under long-term lease agreements with leading regional and national
retail chains. The Company is an active buyer of net-leased retail properties
nationwide.
Note to Editors:
Realty Income press releases are available at no charge by calling our
toll-free investor hotline number: 888-811-2001, or through the Internet at
http://www.realtyincome.com .
SOURCE Realty Income Corporation
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Related links:
http://www.realtyincome.com
CONTACT:
Tere Miller, Vice President, Corporate
Communications of Realty Income Corporation, +1-760-741-2111,
ext. 177
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