W. P. Carey (WPC) to Offer Common Stock

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Go back to W. P. Carey (WPC) to Offer Common Stock

W. P. Carey Inc. Announces Public Offering of Common Stock

June 17, 2020 4:07 PM EDT

NEW YORK, June 17, 2020 /PRNewswire/ -- W. P. Carey Inc. (the "Company") (NYSE: WPC) announced today the commencement of an underwritten public offering of an aggregate of 4,750,000 shares of common stock, offered on a forward basis in connection with the forward sale agreements described below. The underwriters of the offering have been granted a 30-day option to purchase up to an additional 712,500 shares of common stock. 

W. P. Carey intends to use the proceeds, if any, received upon the settlement of the forward sale agreements... More