Summary
Realty Income Corporation (O) filed an 8-K on February 22, 2013, primarily to announce the filing of a prospectus supplement related to its Dividend Reinvestment and Stock Purchase Plan. This supplement allows the company to offer up to 5,877,133 shares of its common stock. This filing is important for investors as it outlines a mechanism for shareholders to reinvest dividends and purchase additional stock directly from the company. The company also disclosed the filing of legal opinions from its counsel, Venable LLP, concerning the validity of the securities and Latham & Watkins LLP, regarding tax matters, which are standard disclosures accompanying such offerings and provide assurance on the legality and tax implications of the plan.
Key Highlights
- 1Realty Income Corporation filed a prospectus supplement on February 22, 2013.
- 2The supplement relates to the Company's Dividend Reinvestment and Stock Purchase Plan.
- 3The company is offering up to 5,877,133 shares of common stock under this plan.
- 4This filing allows existing shareholders to reinvest dividends and purchase additional shares.
- 5Legal opinions from Venable LLP (securities validity) and Latham & Watkins LLP (tax matters) were filed as exhibits.
- 6The registration statement for this offering is on Form S-3 (File No. 333-186788).