BETHESDA, Md., Aug. 10, 2017 /PRNewswire/ -- First Potomac
Realty Trust ("First Potomac")(NYSE: FPO) announced today that it
will hold a special meeting of its shareholders (the "Special
Meeting") on Tuesday, September 26,
2017 at 11:00 a.m.
Eastern Daylight Time at 7600 Wisconsin Avenue, 11th Floor,
Bethesda, Maryland 20814. At
the Special Meeting, First Potomac's shareholders will be asked to
consider and vote on (i) a proposal to approve the previously
announced merger of First Potomac with and into a wholly-owned
subsidiary of Government Properties Income Trust ("GOV") (NASDAQ:
GOV) and the other transactions contemplated by the related merger
agreement, (ii) a non-binding, advisory proposal to approve the
compensation that may become payable to First Potomac's named
executive officers in connection with the merger, and (iii) a
proposal to approve any adjournments of the Special Meeting for the
purpose of soliciting additional proxies if there are not
sufficient votes at the Special Meeting to approve the merger and
the other transactions contemplated by the merger
agreement.
The record date for determination of shareholders entitled to
vote at the Special Meeting has been set as the close of business
on Monday, August 21, 2017.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed
real estate investment trust that focuses on owning, operating,
developing and redeveloping office and business park properties in
the greater Washington, D.C.
region. FPO common shares (NYSE: FPO) are publicly traded on the
New York Stock Exchange.
Additional Information and Where to Find It
In connection with the proposed merger transaction, First
Potomac expects to file with the Securities and Exchange Commission
(the "SEC") a proxy statement, which proxy statement will be mailed
or otherwise disseminated to First Potomac's shareholders when it
becomes available. First Potomac
also plans to file other relevant documents with the SEC regarding
the proposed transaction. INVESTORS ARE URGED TO READ THE PROXY
STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IF AND
WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. You may obtain a free copy of the proxy
statement (if and when it becomes available) and other relevant
documents filed by First Potomac with the SEC at the SEC's website
at www.sec.gov. Copies of the documents filed by First Potomac will
be available free of charge on its website at
www.first-potomac.com, or by directing a written request to First
Potomac Realty Trust, 7600 Wisconsin Avenue, 11th Floor,
Bethesda, MD 20814, Attention:
Investor Relations.
First Potomac and its trustees
and executive officers may be deemed to be participants in the
solicitation of proxies in respect of the proposed merger
transaction. You can find information about First Potomac's
trustees and executive officers in First Potomac's definitive proxy
statement filed with the SEC on April 6, 2017 in connection
with its 2017 Annual Meeting of Shareholders. Additional
information regarding the interests of such potential participants
will be included in the proxy statement and other relevant
documents filed with the SEC if and when they become available. You
may obtain free copies of these documents from First Potomac using
the sources indicated above.
Forward-Looking Statements
The forward-looking statements contained in this press release,
including statements regarding the proposed merger transaction and
the timing of such transaction, are subject to various risks and
uncertainties. Although First Potomac believes the expectations
reflected in any forward-looking statements contained herein are
based on reasonable assumptions, there can be no assurance that our
expectations will be achieved. Forward-looking statements, which
are based on certain assumptions and describe future plans,
strategies and expectations of First Potomac, are generally
identifiable by use of the words "believe," "expect," "intend,"
"anticipate," "estimate," "project," or other similar expressions.
Such statements involve known and unknown risks, uncertainties, and
other factors that may cause the actual results of First Potomac to
differ materially from future results, performance or achievements
projected or contemplated in the forward-looking statements.
Certain factors include, among others, the ability of First Potomac
to obtain the required shareholder approval to consummate the
proposed merger transaction; the satisfaction or waiver of other
conditions in the merger agreement; First Potomac's or GOV's
ability to consummate the proposed merger transaction; the outcome
of the current and any future legal proceedings that have or
may be instituted against First Potomac and others related to the
merger agreement; the possibility that the anticipated benefits and
synergies from the proposed transaction cannot be fully realized or
may take longer to realize than expected; the possibility that
costs or difficulties related to the integration of First Potomac's
and GOV's operations will be greater than expected; operating costs
and business disruption may be greater than expected; the ability
of First Potomac, GOV, or the combined company to retain and hire
key personnel and maintain relationships with providers or other
business partners pending the consummation of the transaction;
changes in general or regional economic conditions; and the impact
of legislative, regulatory and competitive changes and other risk
factors detailed in First Potomac's Annual Report on Form 10-K and
described from time to time in First Potomac's filings with the
SEC.
The risks set forth above are not exhaustive. Many of these
factors are beyond First Potomac's ability to control or predict.
Forward-looking statements are not guarantees of performance. For
forward-looking statements herein, First Potomac claims the
protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
First Potomac assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events. First Potomac does not intend to, and expressly
disclaims any duty to, update or revise the forward-looking
statements in this discussion to reflect changes in underlying
assumptions or factors, new information, future events or
otherwise, after the date hereof, except as may be required by law.
In light of these risks and uncertainties, you should not rely upon
these forward-looking statements after the date of this
communication and should keep in mind that any forward-looking
statement made in this discussion, or elsewhere, might not
occur.
Contacts
Media:
Briean Cargill
Senior Marketing Manager
240-235-5523
bcargill@first-potomac.com
Jonathan Keehner / Joseph Sala / Julie
Oakes
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
Investors:
Randy Haugh
Vice President, Finance
240-235-5573
rhaugh@first-potomac.com
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SOURCE First Potomac Realty Trust