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Retail Properties Of America Announces Full Exercise Of Overallotment Option

Retail Properties of America, Inc. (RPAI) said Wednesday that it has completed its offering of 31.8 million shares of its Class A common stock at $8.00 per share.

The company also said that the underwriters for the offering exercised in full their option to purchase an additional 4.77 million shares of its Class A common stock priced at $8.00 per share to cover overallotments. The sale of the additional 4.77 million shares was also completed today.

The Company's Class A common stock is traded on the New York Stock Exchange under the symbol "RPAI."

J.P. Morgan, Citigroup, Deutsche Bank Securities and KeyBanc Capital Markets were the joint book-running managers for the offering. Wells Fargo Securities was lead manager and Scotiabank and PNC Capital Markets LLC were co-managers.

by RTT Staff Writer

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