Attached files
| file | filename |
|---|---|
| 8-K - 8-K - MONMOUTH REAL ESTATE INVESTMENT CORP | form8k_101409.htm |
| EX-5.1 - EXHIBIT 5.1 - MONMOUTH REAL ESTATE INVESTMENT CORP | form8kex51_101409.htm |
| EX-1.1 - EXHIBIT 1.1 - MONMOUTH REAL ESTATE INVESTMENT CORP | form8kexh11_101509.htm |
| EX-10.1 - EXHIBIT 10.1 - MONMOUTH REAL ESTATE INVESTMENT CORP | form8kexh101_101509.htm |
| EX-23.2 - EXHIBIT 23.2 - MONMOUTH REAL ESTATE INVESTMENT CORP | form8kexh232_101509.htm |
EXHIBIT
99.1
| FOR IMMEDIATE RELEASE |
|
October
15, 2009
Contact: Susan M.
Jordan
732-577-9997
|
Monmouth
Real Estate Investment Corporation Prices Offering of
approximately
1,700,000 Shares of Common Stock
Freehold, New Jersey – October 15,
2009 – Monmouth Real Estate Investment Corporation (NASDAQ: MNRTA) (the
“Company”) today announced the pricing of a registered direct placement of
approximately 1,700,000 common shares at an offering price of
$6.50. The Company expects to receive net proceeds from the offering
of approximately $10 million and expects to close the transaction on or about
October 20, 2009. The Company intends to use the net proceeds from
the offering to purchase additional properties in the ordinary course of
business and for general corporate purposes. CSCA Capital Advisors,
LLC acted as Placement Agent for the transaction. The common shares
were issued pursuant to a prospectus supplement and accompanying prospectus
filed as part of an existing effective shelf registration statement filed with
the Securities and Exchange Commission on Form S-3. This press
release shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale or offer to buy these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of any such state
or jurisdiction. Copies of the prospectus supplement and accompanying
prospectus can be obtained by contacting CSCA Capital Advisors, LLC at 280 Park
Avenue, 10th
Floor, New York, NY 10017 or (212) 446-9177.
Monmouth
Real Estate Investment Corporation, which was organized in 1968, is a
publicly-owned real estate investment trust specializing in net-leased
industrial properties. The Company’s portfolio consists of
fifty-eight industrial properties and one shopping center located in twenty-five
states. In addition, the Company owns a portfolio of REIT
securities.