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Retail Opportunity reaps $133.1M from common stock offering

RetailOpportunity Investments Corp. closed its underwritten publicoffering of 6,555,000shares of common stock, generating net proceeds of approximately $133.1 millionafter the underwriters exercised in full their option to purchase an additional855,000 shares.

The company intends to use the net proceeds to reduceborrowings under its $500.0 million unsecured revolving credit facility, which werepartially incurred in acquiring properties, and for general corporate purposes.

Jefferies, J.P. Morgan, KeyBanc Capital Markets, Bank of AmericaMerrill Lynch and Wells Fargo Securities acted as joint book-running managers.Baird, BTIG and Stifel acted as joint lead managers. Capital One Securities,Canaccord Genuity and Raymond James acted as co-managers.