8-KThe WireRoutine
Company Update
Filed May 10, 2018 · 8y ago · Accession 0001193125-18-158546
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 7, 2018
Federal Realty Investment Trust
(Exact name of registrant as specified in its charter)
Maryland
1-07533
52-0782497
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1626 East Jefferson Street
Rockville, Maryland 20852-4041
(301) 998-8100
(Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 230.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
230.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Securities Act (17 CFR
230.13e-4(c))
☐
Emerging growth company
☐
If an emerging growth company, indicate by checkmark if the registrant has elected not use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act.
Item 8.01.
Other Events.
On May 7, 2018, Federal Realty Investment Trust (the Company) entered
into new Equity Distribution Agreements (the New Agreements) with each of Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Citigroup Global Markets Inc. (collectively the Agents),
under which the Company may issue and sell, from time to time, up to $400,000,000 aggregate offering price of its common shares of beneficial interest, par value $0.01 per share (Shares), through the Agents, acting as agents and/or
principals. The New Agreements replace the existing Equity Distribution Agreements dated November 4, 2016 (the Prior Agreements) with each of the Agents, and no further issuances or sales may be made under the Prior Agreements. The
Company issued and sold approximately $138,700,000 aggregate offering price of Shares of the $400,000,000 approved under the Prior Agreements.
Sales of
Shares, if any, under the New Agreements will be made in transactions that are deemed to be at the market offerings, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an
exchange, or in negotiated transactions, which may include block trades. The Company will pay the Agents compensation for sales of Shares at a mutually agreed rate that will not exceed, but may be lower than, 2.0% of the gross sales price of the
Shares. Under the New Agreements, the Company may also sell Shares to the Agents for their own account.
The New Agreements are filed as Exhibits 1.1, 1.2
and 1.3 to this Current Report on Form 8-K and are incorporated herein by reference. The foregoing description of the material terms of the New Agreements is qualified in its entirety by reference to such
exhibits.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
1.1
Equity Distribution Agreement, dated May 7, 2018 between Federal Realty Investment Trust and Wells Fargo Securities, LLC
1.2
Equity Distribution Agreement, dated May 7, 2018 between Federal Realty Investment Trust and Merrill Lynch, Pierce, Fenner & Smith Incorporated
1.3
Equity Distribution Agreement, dated May 7, 2018 between Federal Realty Investment Trust and Citigroup Global Markets Inc.
5.1
Opinion of Pillsbury Winthrop Shaw Pittman LLP relating to legality of the Shares
8.1
Opinion of Pillsbury Winthrop Shaw Pittman LLP relating to certain tax matters
23.1
Consents of Pillsbury Winthrop Shaw Pittman LLP (contained in the opinions filed as Exhibits 5.1 and 8.1 hereto)
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FEDERAL REALTY INVESTMENT TRUST
Date: May 10, 2018
By:
/s/ Dawn M. Becker
Dawn M. Becker
Executive Vice President-General Counsel and Secretary
3
Filing details
- Ticker
- FRT
- CIK
- 34903
- Form type
- 8-K
- Filing date
- May 10, 2018
- Report date
- May 7, 2018
- Document
- d568933d8k.htm
- Size
- 604 KB