other material
confidence high
sentiment neutral
materiality 0.50
American Assets Trust launches at-the-market equity offering for up to $250M
American Assets Trust, Inc.
- Entered equity distribution agreements with Wells Fargo, BofA, Jefferies, Mizuho, BTIG for ATM offering.
- May sell up to $250M of common stock from time to time; no obligation to sell any shares.
- Compensation to placement agents not to exceed 2.0% of gross proceeds from sales.
- Offering terminates upon sale of $250M or termination of all agreements; may be suspended anytime.
- Supplemental tax discussion filed superseding prior shelf registration statement tax section.