SOURCE: MacKenzie Patterson Fuller, LP

MacKenzie Patterson Fuller, LP

October 21, 2009 17:12 ET

MacKenzie Patterson Fuller, LP Announces a Tender Offer for Piedmont Office Realty Trust, Inc. for $4.00 per Share

MORAGA, CA--(Marketwire - October 21, 2009) - Affiliates of MacKenzie Patterson Fuller, LP (the "Purchasers") will launch a tender offer to purchase up to 1,000,000 shares of Piedmont Office Realty Trust (PINKSHEETS: POFR) on Monday, October 26, 2009. The Purchasers will be offering to purchase such shares at $4.00 per Share, less the amount of any dividends declared or made with respect to the shares between the Offer Date and the Expiration Date.

This offer price is 33% higher than the price being offered by an affiliate of Madison International Realty, LLC, which is currently offering to purchase up to 23,620,000 shares at $3.00 per Share.

Shareholders should read the Offer to Purchase and the related materials carefully when they become available because they contain important information. Shareholders will be able to obtain a free copy of the Tender Offer Statement on Schedule TO, the Offer to Purchase, the Assignment Form, and other documents that the company has filed with the U.S. Securities and Exchange Commission at the commission's website at www.sec.gov. Shareholders may also obtain a copy of these documents, without charge, from our website at www.mpfi.com (click on MPF Tenders), or by calling toll free at 800-854-8357. The Purchasers will be publishing an advertisement with the material terms of the Offer on October 26, 2009.

The possible tender offer described in this announcement has not yet commenced. This announcement is neither an offer to purchase nor a solicitation of an offer to sell securities. You are advised to read the tender offer statement and the related documents when they become available because they will contain important information about the tender offer.

Contact Information

  • Contact:
    Christine Simpson
    800-854-8357 x. 1024
    MacKenzie Patterson Fuller, LP
    1640 School Street, Suite 100
    Moraga, California 94556