Finance REITs
Lexington Realty to offer 3M Shares
June 26, 2008

Lexington Realty Trust has announced plans to sell 3 million shares at $14 per share. The sale of the common shares is expected to close on June 30, 2008. Net proceeds from the offering to Lexington, after deducting the underwriting discounts and expenses, will be approximately $41 million. Lexington expects to use the net proceeds from this offering to repurchase a portion of its outstanding debt securities. Wachovia Securities and Keefe, Bruyette & Woods are the underwriters for the offering. Wachovia Securities is the sole book-running manager for the offering.

 
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