NEWTON, Mass.--(BUSINESS WIRE)--Select Income REIT (Nasdaq: SIR) today announced that Government Properties Income Trust (Nasdaq: GOV) has sold its remaining position in SIR through the sale of its 24,918,421 common shares of SIR in an underwritten public offering under an effective shelf registration statement filed by SIR, at a price to the public of $18.25 per share. GOV has agreed to pay all of SIR’s costs associated with this offering and SIR will not receive any proceeds from the sale of the common shares. The settlement of this sale is expected to occur on October 9, 2018.

The joint bookrunning managers for the offering are Citigroup, BofA Merrill Lynch and Morgan Stanley. The joint lead managers are RBC Capital Markets and Wells Fargo Securities. The co-managers are B. RILEY FBR, Baird, BB&T Capital Markets, D.A. Davidson & Co., Janney Montgomery Scott, JMP Securities, Oppenheimer & Co. and Raymond James.