Presidio property trust announces full exercise of over-allotment option

San diego, ca / accesswire / june 17, 2021 / (nasdaq:sqft)(nasdaq:sqftp) presidio property trust ("presidio" or the "company"), an internally managed, diversified real estate investment trust ("reit"), today announced that the underwriters of its 9.375% series d cumulative redeemable perpetual preferred stock (the "series d preferred stock") have exercised in full their over-allotment option to purchase an additional 120,000 shares of series d preferred stock from presidio at a price to the public of $25.00 per share for gross proceeds of $3.0 million, prior to deducting underwriting discounts and commissions. after giving effect to the exercise of the over-allotment option, a total of 920,000 shares were sold in the offering, resulting in gross proceeds to presidio of $23.0 million.
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