Independence Realty Trust, Inc. Announces Underwriters’ Exercise of Over-Allotment Option to Purchase Additional Shares
Independence Realty Trust, Inc. (NYSE: IRT) (IRT) today announced that the underwriters of its previously announced public offering of 14,000,000 common shares have fully exercised their over-allotment option to purchase an additional 2,100,000 shares at a price of $17.75 per share.
- Independence Realty Trust, Inc. (NYSE: IRT) (IRT) today announced that the underwriters of its previously announced public offering of 14,000,000 common shares have fully exercised their over-allotment option to purchase an additional 2,100,000 shares at a price of $17.75 per share.
- Regions Securities LLC, Ramirez & Co., Inc., Comerica Securities, Compass Point, Ladenburg Thalmann and Bancroft Capital are acting as co-managers for the offering.
- IRT previously announced that it entered into a forward sale agreement with Bank of Montreal (the forward purchaser) with respect to 14,000,000 shares of its common stock.
- IRT will enter into a separate forward sale agreement with respect to an additional 2,100,000 shares in connection with the underwriters exercise in full of their option to purchase additional shares.