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Safety Income & Growth files up to $1B shelf

Ground-lease real estate investment trust Safety Income & Growth Inc. filed a shelf registration statement for the potential sale of up to $1.00 billion of its securities from time to time.

The shelf covers the company's common stock, preferred stock, depositary shares representing shares of preferred stock, debt securities or warrants.

The company said it would add any proceeds generated from the sales to its general corporate funds, which may be used to settle debt, for new investments, or for other general business purposes.