Press Release Details

Jun 14, 2011

Realty Income Prices a $150 Million Re-opening Offering of Senior Unsecured Bonds Due 2035

ESCONDIDO, CALIFORNIA, June 14, 2011. Realty Income Corporation (Realty Income), The Monthly Dividend Company®, (NYSE:O), today announced the pricing of an additional $150 million of its unsecured 5-7∕8% senior bonds due 2035. The original offering of $100 million of the 2035 senior unsecured bonds was priced in 2005 and, with this re-opening offering of $150 million, the total principal amount of bonds outstanding due in 2035 will be $250 million. The newly-issued unsecured bonds were priced at 94.578% of their principal amount, for an effective yield to maturity of 6.318%. All $250 million of the bonds will have a coupon of 5-7∕8%, will trade interchangeably as a single series, and will mature on March 15, 2035. These securities are expected to be rated BBB+ by Fitch Ratings, Baa1 by Moody’s Investors Service and BBB by Standard & Poor’s Ratings Group. The net proceeds from the offering will be used to fund property acquisitions, and any remaining net proceeds will be used for other general corporate purposes.

(Pricing delayed 20 minutes)