Easterly Government Properties updates $300 million at-the-market equity program, adds forward sales option
DEA•Commissions and forward pricing terms
Sales-agent commissions are capped at 2% of gross proceeds; forward-related commissions are reflected in a reduced initial forward price, also capped at 2%.
New distribution agreements and forward sale option
New equity distribution agreements cover sales via agents or principals, including negotiated transactions or at-the-market sales.
The program now allows forward sale transactions, including contingent forwards that may pay a contingency premium even if not exercised.
Updated equity offering program and remaining capacity
Easterly Government Properties updated its at-the-market equity offering program, keeping total capacity at up to USD 300 million.
USD 85.02 million of common stock has been sold under the program, leaving USD 214.98 million available.
