Summary
Realty Income Corporation (O) filed a Form 8-K on February 28, 2002, to report the issuance of 273,150 shares of common stock. This issuance occurred under the company's existing shelf registration statement on Form S-3, which was initially filed in June 1999 and amended in July 1999. The filing also includes an Underwriting Agreement dated February 25, 2002, between Salomon Smith Barney Inc. and the Company, along with an opinion from Latham & Watkins and its related consent. For investors, this report indicates a capital raise activity through the sale of common stock. While the exact purpose and terms of the share issuance are not detailed in this specific 8-K, it signifies the company's utilization of its pre-filed shelf registration to access capital markets. The involvement of Salomon Smith Barney as an underwriter suggests a formal offering process, and the legal opinion from Latham & Watkins provides assurance on the legality of the securities issuance.
Key Highlights
- 1Realty Income Corporation issued 273,150 shares of common stock.
- 2The share issuance was conducted under a previously filed Form S-3 shelf registration statement.
- 3The filing includes an Underwriting Agreement with Salomon Smith Barney Inc., dated February 25, 2002.
- 4A legal opinion from Latham & Watkins is included as an exhibit.
- 5This 8-K is an "Other Events" filing, indicating a significant corporate event.
- 6The filing provides evidence of capital raising activities by the company.