One thought on “SCANS FOR WEEK OF – DECEMBER 31, 2018


    NEWTON, Mass.–(BUSINESS WIRE)–Government Properties Income Trust (Nasdaq: GOV) today announced that it has completed its merger with Select Income REIT (Nasdaq: SIR).

    After the effective time of the merger, the combined company changed its name to “Office Properties Income Trust” and effected a 1-for-4 reverse split of its outstanding common shares such that every four common shares of the combined company will be converted into one common share of the combined company. The company will begin trading on the Nasdaq on a split adjusted basis under the ticker symbol “OPI” on January 2, 2019.

    GOV also announced that it amended its business management agreement with its manager, The RMR Group LLC, the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), which the Compensation Committee of GOV’s Board of Trustees approved. Pursuant to the amendment, for periods beginning on and after January 1, 2019, the business management agreement will use the SNL U.S. Office REIT Index, rather than the SNL U.S. REIT Equity Index, to calculate the benchmark return per share for purposes of determining the incentive management fee, if any, payable to The RMR Group LLC. Measurement periods prior to January 1, 2019 will continue to use the SNL U.S. REIT Equity Index. Please see GOV’s Annual Report on Form 10-K for its fiscal year ended December 31, 2017, for additional detail on the incentive management fee.

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