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Medical Properties Trust Announces Settlement of Forward Equity Agreement

Posted on: Friday, 14 December 2007, 12:00 CST

Medical Properties Trust, Inc. (NYSE: MPW) announced today that it has settled the forward sale agreements entered into in connection with the Company's follow-on offering of 12.2 million common shares in February 2007, as previously disclosed. In settling the forward sale agreements, the Company issued 3.0 million shares of common stock to affiliates of UBS Securities LLC and Wachovia Capital Markets in exchange for proceeds of $14.43 per share for a total of approximately $43.3 million.

The Company intends to initially use these proceeds to reduce debt outstanding under its line of credit facilities. Further information about the forward sale agreements is available in the Company's filings with the Securities Exchange Commission relating to the February 2007 follow-on offering.

About Medical Properties Trust, Inc.

Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. These facilities include inpatient rehabilitation hospitals, long-term acute care hospitals, regional acute care hospitals, ambulatory surgery centers and other single-discipline healthcare facilities, such as heart hospitals, orthopedic hospitals and cancer centers.

Source: Business Wire

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