SC-U.S. Realty Announces Registration of 2% Convertible

SC-U.S. Realty (NYSE: RTY; Amsterdam ISIN-Code: LU0060100673) announced that on 30 July 1999, a registration statement under the Securities Act of 1933 with respect to the company's 2% Senior Unsecured Convertible Notes due May 2003 (CUSIP #814136 AB 3) was declared effective by the U.S. Securities and Exchange Commission. ( ) As previously announced, SC-U.S. Realty's American Depositary Receipts (ADRs) were listed on the New York Stock Exchange on 24 June 1999. Trading of the company's ADRs will be facilitated through an ADR programme administered by The Bank of New York. At the request of SC-U.S. Realty, The Bank of New York has agreed to waive its customary share-for-ADR exchange fees until 17 September 1999. SC-U.S. Realty is a research-driven, growth-oriented real estate company focused on taking significant strategic investment positions in value-added real estate operating companies based in the United States. SC-U.S. Realty's strategic investments as of 30 June 1999 included ownership positions and commitments to six U.S. real estate operating companies with a combined market capitalisation of approximately $8.8 billion. All monetary figures are expressed in United States currency. In addition to historical information, this press release contains forward-looking statements. These statements are based on current expectations, estimates and projections about the industry and markets in which Security Capital U.S. Realty operates, management's beliefs and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual operating results may be affected by changes in international, national or local economic conditions, competitive market conditions, and conditions in the securities markets, and therefore, may differ materially from what is expressed or forecasted in this press release. ots Original Text Service: SC-U.S. Realty Internet: Contact: W. Scott Hartman for SC-U.S. Realty, +352-46-37-56-1 Photo: bin/prnh/19990624/HSTH025

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USA, Kanada, OSN, svět a Arktida (us)

Stavebnictví, bydlení a reality

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