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News Article | May 23, 2017
Site: www.businesswire.com

SANTA MONICA, Calif.--(BUSINESS WIRE)--Activision Blizzard, Inc. (NASDAQ: ATVI) today announced its intention to offer, in a public underwritten transaction, senior unsecured notes in three series. The principal amounts, interest rates and other key terms of the offering will be determined at the time of pricing. Each series of notes will be the general senior obligation of Activision Blizzard and will be effectively subordinated to all of Activision Blizzard’s future secured debt, if any, to the extent of the value of the assets securing such debt. The notes will not be guaranteed by any of Activision Blizzard’s subsidiaries. Activision Blizzard intends to use the net proceeds from the offering, together with cash on hand, to permanently prepay $1.2 billion principal amount outstanding under its term loan “A” facility. The offering is being made pursuant to an effective registration statement filed by Activision Blizzard with the Securities and Exchange Commission on September 7, 2016. BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers. The offering may be made only by means of a prospectus and related prospectus supplement. Potential purchasers of the Notes can obtain copies of the prospectus and related prospectus supplement from Merrill Lynch, Pierce, Fenner & Smith Incorporated, at 200 North College Street, NC1-004-03-43, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by calling toll-free (800) 294-1322 or by email at dg.prospectus_requests@baml.com; J.P. Morgan Securities LLC, at 383 Madison Avenue, New York, NY 10179, Attention: Investment Grade Syndicate Desk, or by calling (212) 834-4533 or by fax at (212) 834-6081; or Wells Fargo Securities, LLC, at 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, or by calling toll-free (800) 645-3751 or by email at wfscustomerservice@wellsfargo.com. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Headquartered in Santa Monica, California, Activision Blizzard has operations throughout the world, and its games are played in 196 countries. Cautionary Note Regarding Forward-looking Statements: The statements contained in this press release that are not historical facts are forward-looking statements, including statements regarding Activision Blizzard’s ability to consummate the offering described in this press release. Forward-looking statements are subject to business and economic risk, reflect management's current expectations, estimates and projections about our business, and are inherently uncertain and difficult to predict. The company cautions that a number of important factors could cause Activision Blizzard's actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements. Such factors include, but are not limited to, current market demand for these types of securities and the securities of Activision Blizzard, Activision Blizzard's ability to consummate the offering in the currently anticipated timeframe or at all, the negotiations between Activision Blizzard and the underwriters and the other factors identified in "Risk Factors" included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2016 and subsequent quarterly reports on Form 10-Q. The forward-looking statements in this press release are based on information available to the company at this time and we assume no obligation to update any such forward-looking statements. Although these forward-looking statements are believed to be true when made, they may ultimately prove to be incorrect. These statements are not guarantees of our future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and may cause actual results to differ materially from current expectations.


GLENDALE, Calif.--(BUSINESS WIRE)--John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE:PSA, the “Company”), announced that the Company has priced a public offering of 10,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 5.15% Cumulative Preferred Share of Beneficial Interest, Series F. The offering is expected to result in $250 million of gross proceeds (assuming no exercise of the underwriters’ overallotment option) and to close on or about June 2, 2017, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage facilities and for general corporate purposes. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any offer or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) and only by means of a prospectus and prospectus supplement. Investors may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and prospectus supplement may be obtained by contacting: Merrill Lynch, Pierce, Fenner & Smith Incorporated, 200 North College Street, NC1-004-03-43, Charlotte, NC 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322 or email: dg.prospectus_requests@baml.com; Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department; UBS Securities LLC, 1285 Avenue of the Americas, New York, NY 10019, Attention: Prospectus Department, telephone: 1-888-827-7275; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, telephone: 1-800-645-3751 or email: wfscustomerservice@wellsfargo.com. Public Storage, a member of the S&P 500 and FT Global 500, is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Company’s headquarters are located in Glendale, California. At March 31, 2017, the Company had interests in 2,354 self-storage facilities located in 38 states with approximately 155 million net rentable square feet in the United States and 220 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the “Shurgard” brand. The Company also owns a 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space, primarily flex, multi-tenant office and industrial space, at March 31, 2017. When used within this press release, the words “expects,” “believes,” “anticipates,” “plans,” “would,” “should,” “may,” “estimates” and similar expressions are intended to identify “forward-looking statements,” including but not limited to, statements about the completion, timing and size of the proposed offering of securities by the Company and the use of net proceeds of such offering. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to be materially different from those expressed or implied in the forward-looking statements. Such factors include market conditions and the demand for the Company’s preferred securities and risks detailed in the Company’s prospectus and prospectus supplement filed with the SEC in connection with this offering and in the Company’s SEC reports, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. We undertake no obligation to publicly update or revise forward-looking statements which may be made to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as required by law.


News Article | May 11, 2017
Site: www.businesswire.com

NEW HAVEN, Conn.--(BUSINESS WIRE)--Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) and The Connecticut Green Building Council (CTGBC) today announced that Alexion’s global headquarters at 100 College Street in New Haven has achieved LEED Platinum certification for Commercial Interiors. LEED Platinum is the highest level of green building certification through the U.S. Green Building Council (USGBC) and Alexion is one of less than 15 buildings in Connecticut to earn this prestigious certification. “In addition to supporting vital economic and social efforts in the New Haven community, we are also committed to protecting our environment through responsible and innovative business practices,” said Julie O'Neill, Executive Vice President and Head of Global Operations at Alexion. “Alexion’s global headquarters represents best-in-class design, construction, maintenance and operation of a green building and we are very proud to be certified as LEED Platinum.” Alexion achieved LEED Platinum certification for implementing measurable strategies and solutions aimed at achieving high performance in various areas of building. The Company’s 14-story global headquarters features a green roof top, renewable energy sources, high-performance fixtures designed to save water, and materials such as paints and adhesives that provide increased air quality for building occupants. More specifically, the building will save approximately 778,000 gallons of water per year, 50 percent of electricity will be drawn from renewable energy sources, and 90 percent of occupied areas will have access to natural light, among other benefits. “The work of innovative building projects, such as Alexion’s, is fundamental in transforming the way buildings are designed, built and operated,” said Judy Swann, Executive Director, CT Green Building Council. “Buildings that achieve LEED certification are lowering carbon emissions, creating a healthier environment and reducing operating costs while prioritizing sustainable practices. We congratulate Alexion on this significant achievement.” Alexion is a global biopharmaceutical company focused on developing and delivering life-transforming therapies for patients with devastating and rare disorders. Alexion is the global leader in complement inhibition and has developed and commercializes the first and only approved complement inhibitor to treat patients with paroxysmal nocturnal hemoglobinuria (PNH) and atypical hemolytic uremic syndrome (aHUS), two life-threatening ultra-rare disorders. In addition, Alexion’s metabolic franchise includes two highly innovative enzyme replacement therapies for patients with life-threatening and ultra-rare disorders, hypophosphatasia (HPP) and lysosomal acid lipase deficiency (LAL-D). Alexion is advancing its rare disease pipeline with highly innovative product candidates in multiple therapeutic areas. More information about Alexion can be found at: www.alexion.com. About the U.S. Green Building Council and the CT Green Building Council The U.S. Green Building Council is a non-profit trade organization that promotes sustainability in how buildings are designed, built and operated. The LEED certification program was developed to provide property owners and operators with strategies for improving the performance of buildings through energy savings, water efficiency, indoor environmental quality, stewardship of resources and other measures. By using less energy, LEED-certified buildings save money, reduce greenhouse gas emissions, and contribute to a healthier environment for residents, workers and the larger community. More information about the U.S. Green Building Council is available at www.usgbc.org. The Connecticut Green Building Council (CTGBC) is a chapter of the U.S. Green Building Council. CTGBC seeks to improve the quality of life in Connecticut through the promotion of intelligently designed and constructed high performance energy efficient buildings. More information about the Connecticut Green Building Council can be found at http://ctgbc.org.


News Article | May 10, 2017
Site: www.prnewswire.com

The Company intends to contribute the net proceeds from the offering to Summit Hotel OP, LP, its operating partnership, which intends to use the net proceeds for general corporate purposes, including repayment of borrowings under its senior unsecured revolving credit facility and acquisitions of additional hotel properties, which may include the 261-guestroom Courtyard by Marriott the Company has under contract to purchase for $85.0 million in the second quarter of 2017. Raymond James, Deutsche Bank Securities, BofA Merrill Lynch, RBC Capital Markets, and Baird are acting as joint book-running managers for the offering.  The senior co-managers for the offering are KeyBanc Capital Markets and PNC Capital Markets LLC.  BB&T Capital Markets and Canaccord Genuity are acting as co-managers. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective.  This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, or any solicitation of an offer to buy, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made solely by means of the prospectus, including a preliminary prospectus supplement, forming part of the effective shelf registration statement. Copies of the final prospectus supplement (when available) and base prospectus for the offering may be obtained by contacting Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716 or by email at prospectus@raymondjames.com or by telephone at (800) 248-8863, by contacting Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005 or by email at prospectus.cpdg@db.com or by telephone at (800) 503-4611, by contacting BofA Merrill Lynch, Attention: Prospectus Department, 200 North College Street, 3rd Floor, NC1-004-03-43, Charlotte, NC 28255-0001 or by email at dg.prospectus_requests@baml.com, by contacting RBC Capital Markets, LLC, Attention: Prospectus Department, Brookfield Place, 200 Vesey Street, 8th Floor, New York, New York 10281-8098, or by email at equityprospectus@rbccm.com or by telephone at (877) 822-4089, by contacting Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202 or by email at syndicate@rwbaird.com. Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning primarily premium-branded, select-service hotels.  As of May 9, 2017, the Company's portfolio consisted of 75 hotels with a total of 10,444 guestrooms located in 22 states. This press release contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company's expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. These statements relate to the Company's common stock offering, the anticipated use of the net proceeds and the anticipate closing date. No assurance can be given that the common stock offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Completion of the common stock offering on the terms described, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company, including, without limitation, general economic conditions, market conditions and other factors, including those set forth in the Risk Factors section of the Company's periodic reports and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements after the date of this release. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/summit-hotel-properties-announces-pricing-of-public-offering-of-common-stock-300454885.html


News Article | May 9, 2017
Site: www.businesswire.com

VIRGINIA BEACH, Va.--(BUSINESS WIRE)--Armada Hoffler Properties, Inc. (NYSE: AHH) today announced that it has priced an underwritten public offering of 6,000,000 shares of its common stock at a public offering price of $13.00 per share, for net proceeds, after the underwriting discount but before estimated expenses of the offering payable by the Company, of approximately $74.3 million. The offering is expected to close on May 12, 2017, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares. The Company intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its unsecured revolving credit facility, which amounts will then become available for future borrowing, including to fund its development pipeline and for general corporate purposes. BofA Merrill Lynch and Stifel are serving as joint book-running managers for the offering. Baird and Raymond James are serving as joint bookrunners for the offering. Janney Montgomery Scott and Wunderlich are serving as co-managers for the offering. Copies of the final prospectus supplement and accompanying prospectus related to these securities may be obtained, when available, from: BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by e-mailing dg.prospectus_requests@baml.com; and Stifel, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300‐7136, email: SyndProspectus@stifel.com. The offering is being made pursuant to a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on May 5, 2017. A preliminary prospectus supplement relating to the offering was filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Armada Hoffler Properties, Inc. is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily properties in attractive markets primarily throughout the Mid-Atlantic and Southeastern United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. For example, the fact that the offering has priced may imply that the offering will close, but the closing is subject to conditions customary in transactions of this type and may be delayed or may not occur at all. In addition, the fact that the underwriters have an option to purchase additional shares may imply that this option will be exercised. However, the underwriters are not under any obligation to exercise this option, or any portion of it, and may not do so. Investors should not place undue reliance upon forward-looking statements. Completion of the offering on the terms described, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company, including, market conditions, general economic conditions and other factors, including those set forth under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, and those set forth in other documents filed by the Company from time to time with the Securities and Exchange Commission.


VIRGINIA BEACH, Va.--(BUSINESS WIRE)--Armada Hoffler Properties, Inc. (NYSE: AHH) today announced that it has closed an underwritten public offering of 6,900,000 shares of its common stock, which included 900,000 shares pursuant to the full exercise of the underwriters’ option to purchase additional shares, at a public offering price of $13.00 per share. Net proceeds from the offering, after the underwriting discount but before estimated offering expenses payable by the Company, were approximately $85.4 million. The Company intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its unsecured revolving credit facility, which amounts will then become available for future borrowing, including to fund its development pipeline and for general corporate purposes. BofA Merrill Lynch and Stifel served as joint book-running managers for the offering. Baird and Raymond James served as joint bookrunners for the offering. Janney Montgomery Scott and Wunderlich served as co-managers for the offering. Copies of the final prospectus supplement and accompanying prospectus related to these securities may be obtained from: BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by e-mailing dg.prospectus_requests@baml.com; and Stifel, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300‐7136, email: SyndProspectus@stifel.com. The offering was made pursuant to a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on May 5, 2017. A final prospectus supplement relating to the offering was filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Armada Hoffler Properties, Inc. is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily properties in attractive markets primarily throughout the Mid-Atlantic and Southeastern United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. Investors should not place undue reliance upon forward-looking statements.


News Article | May 10, 2017
Site: www.businesswire.com

NEWTON, Mass.--(BUSINESS WIRE)--Select Income REIT (Nasdaq: SIR) today announced that it has priced an underwritten public offering of $350 million of 4.250% senior unsecured notes due May 15, 2024 (“Notes”). SIR expects to use the net proceeds from this offering to repay amounts outstanding under its revolving credit facility and for general business purposes. The settlement of this offering is expected to occur on May 15, 2017, subject to customary closing conditions. The joint book-running managers for this offering were Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC, BBVA Securities Inc., Mizuho Securities USA LLC, PNC Capital Markets LLC, Regions Securities LLC and U.S. Bancorp Investments, Inc. The joint lead managers for this offering were Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC. The co-managers for this offering were BB&T Capital Markets, a division of BB&T Securities, LLC, SMBC Nikko Securities America, Inc., Fifth Third Securities, Inc. and FTN Financial Securities Corp. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Copies of the prospectus supplement relating to this offering and the related prospectus may be obtained by contacting the offices of: Merrill Lynch, Pierce, Fenner & Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, telephone: (800) 294-1322 or by emailing dg.prospectus_requests@baml.com; RBC Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, New York, NY 10281, Attention: Debt Capital Markets, telephone: (866) 375-6829 or email: rbcnyfixedincomeprospectus@rbccm.com; UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: (888) 827-7275; and Wells Fargo Securities, LLC, Attention: WFS Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, telephone: (800) 645-3751 or email: wfscustomerservice@wellsfargo.com. Select Income REIT is a real estate investment trust, or REIT, which owns properties that are primarily leased to single tenants. SIR is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA. THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO, WHENEVER SIR USES WORDS SUCH AS “BELIEVE”, “EXPECT”, “ANTICIPATE”, “INTEND”, “PLAN”, “ESTIMATE”, “WILL”, “MAY” AND NEGATIVES OR DERIVATIVES OF THESE OR SIMILAR EXPRESSIONS, SIR IS MAKING FORWARD LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON SIR’S PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY SIR’S FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS. FOR EXAMPLE: FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS. A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq. No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.


News Article | May 8, 2017
Site: www.businesswire.com

VIRGINIA BEACH, Va.--(BUSINESS WIRE)--Armada Hoffler Properties, Inc. (NYSE: AHH) today announced that it has commenced an underwritten public offering of 6,000,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock. The Company intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its unsecured revolving credit facility, which amounts will then become available for future borrowing, including to fund its development pipeline and for general corporate purposes. BofA Merrill Lynch and Stifel are serving as joint book-running managers for the offering. Baird and Raymond James are serving as joint bookrunners for the offering. Copies of the preliminary prospectus supplement and accompanying prospectus related to these securities may be obtained from: BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by e-mailing dg.prospectus_requests@baml.com; and Stifel, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300‐7136, email: SyndProspectus@stifel.com. The offering is being made pursuant to a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on May 5, 2017. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Armada Hoffler Properties, Inc. is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily properties in attractive markets primarily throughout the Mid-Atlantic and Southeastern United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. These statements relate to the Company’s offering of common stock and the anticipated use of the net proceeds. No assurance can be given that the offering will be completed on the terms described, or at all, or that the net proceeds from the offering will be used as indicated. Completion of the offering on the terms described, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company, including, market conditions, general economic conditions and other factors, including those set forth under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, and those set forth in other documents filed by the Company from time to time with the Securities and Exchange Commission.


News Article | May 9, 2017
Site: www.prnewswire.com

Raymond James, Deutsche Bank Securities, BofA Merrill Lynch, RBC Capital Markets and Baird are acting as joint book-running managers for the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective.  This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, or any solicitation of an offer to buy, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made solely by means of the prospectus, including a preliminary prospectus supplement, forming part of the effective shelf registration statement. Copies of the preliminary prospectus supplement and base prospectus for the offering may be obtained by contacting Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716 or by email at prospectus@raymondjames.com or by telephone at (800) 248-8863, by contacting Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005 or by email at prospectus.cpdg@db.com or by telephone at (800) 503-4611, by contacting BofA Merrill Lynch, Attention: Prospectus Department, 200 North College Street, 3rd Floor, NC1-004-03-43, Charlotte, NC 28255-0001 or by email at dg.prospectus_request@baml.com, by contacting RBC Capital Markets, LLC, Attention: Prospectus Department, Brookfield Place, 200 Vesey Street, 8th Floor, New York, New York 10281-8098, or by email at equityprospectus@rbccm.com or by telephone at (877) 822-4089, by contacting Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202 or by email at syndicate@rwbaird.com. Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning primarily premium-branded, select-service hotels.  As of May 9, 2017, the Company's portfolio consisted of 75 hotels with a total of 10,444 guestrooms located in 22 states. This press release contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company's expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. These statements relate to the Company's common stock offering and the anticipated use of the net proceeds. No assurance can be given that the common stock offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Completion of the common stock offering on the terms described, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company, including, without limitation, general economic conditions, market conditions and other factors, including those set forth in the Risk Factors section of the Company's periodic reports and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements after the date of this release. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/summit-hotel-properties-announces-public-offering-of-common-stock-300454659.html


Ashcroft M.B.,College Street
Journal of Biogeography | Year: 2010

This article highlights how the loose definition of the term 'refugia' has led to discrepancies in methods used to assess the vulnerability of species to the current trend of rising global temperatures. The term 'refugia' is commonly used without distinguishing between macrorefugia and microrefugia, ex situ refugia and in situ refugia, glacial and interglacial refugia or refugia based on habitat stability and refugia based on climatic stability. It is not always clear which definition is being used, and this makes it difficult to assess the appropriateness of the methods employed. For example, it is crucial to develop accurate fine-scale climate grids when identifying microrefugia, but coarse-scale macroclimate might be adequate for determining macrorefugia. Similarly, identifying in situ refugia might be more appropriate for species with poor dispersal ability but this may overestimate the extinction risk for good dispersers. More care needs to be taken to properly define the context when referring to refugia from climate change so that the validity of methods and the conservation significance of refugia can be assessed. © 2010 Blackwell Publishing Ltd.

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