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REIT Government Properties Income Trust prices at $20.00, low end of the range

June 2, 2009
GOV

Government Properties Income Trust, a REIT investing in properties primarily leased to government tenants, raised $200 million by offering 10 million shares at $20.00, the low end of the $20-$22 range, on Tuesday evening. The stock is expected to list on the NYSE under the symbol "GOV" on Wednesday. Merrill Lynch, Wachovia Securities, and Morgan Stanley acted as lead managers on the deal.