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Wednesday, February 10, 2010
Post Properties, Inc. Announces At-the-Market Offering
ATLANTA, GA--Post Properties, Inc. (NYSE: PPS), an Atlanta-based real estate investment trust, has filed a prospectus supplement under which it may sell up to 4 million shares of its common stock from time to time through J.P. Morgan Securities, Inc. and Cantor Fitzgerald & Co., as sales agents.
Sales of common stock under the at-the-market offering, if any, would be made by means of ordinary brokers’ transactions on the New York Stock Exchange at market prices or as otherwise agreed with the agents. The Company intends to use the proceeds from any sales for general corporate purposes.
J.P. Morgan and Cantor Fitzgerald & Co. are the sales agents for the at-the-market offering. Copies of the prospectus supplement and accompanying prospectus relating to these securities may be obtained by contacting J.P. Morgan Securities Inc., Attention: National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, New York, 11245, telephone: 718-242-8002 or Cantor Fitzgerald & Co., Attention: Equity Capital Markets, 110 East 59th Street, New York, New York, 10022, telephone: 212-829-7122.
Contact: Post Properties, Inc., David Stockert, (top right photo) president, 404-846-5000
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