Sila Realty Trust reports final results from ‘Dutch Auction’ tender offer

Sila Realty Trust announced the final results of its modified “Dutch Auction” tender offer to purchase for cash up to $50M in value of shares of the company’s common stock, which expired at 5:00 p.m., New York City time, on July 19, 2024. Based on the final count by Computershare Trust Company, N.A., the depositary and paying agent for the Offer, 4,670,381 shares of common stock were validly tendered at the final purchase price of $22.60 per share and not properly withdrawn. In accordance with the terms and conditions of the Offer, and based on the final count by the Depositary, the company has accepted for purchase 2,212,389 shares of common stock at a purchase price of $22.60 per share, for an aggregate cost of approximately $50M, excluding fees and expenses relating to the Offer. The number of shares of common stock that the company has accepted to purchase in the Offer represents approximately 3.9% of the total number of shares of common stock outstanding as of July 19, 2024. Following payment for the shares of common stock purchased in the Offer, the Company had approximately 55M shares of common stock outstanding.