U.S. Companies Raised $4.3 Billion with At-the-Market (ATM) Offerings in Second Quarter of 2013, Reports Brinson Patrick

   U.S. Companies Raised $4.3 Billion with At-the-Market (ATM) Offerings in
               Second Quarter of 2013, Reports Brinson Patrick

- Quarter-Over-Quarter Increase is 43% vs. $3.0 Billion Raised in the First
Quarter -

PR Newswire

NEW YORK, Oct. 4, 2013

NEW YORK, Oct. 4, 2013 /PRNewswire/ -- Brinson Patrick, a division of Meyers
Associates LP, reported today that U.S. companies raised $4.3 billion through
ATMs across all industries in the second quarter of 2013, a 43% increase from
the $3.0 billion raised in the first quarter. The year-over-year increase is
90%, compared to $2.3 billion raised in the second quarter of 2012.

Companies whose ATMs were active in the second quarter included: Energy
Transfer Partners, LP (NYSE: ETP), Dallas, TX; Federal Realty Investment
Trust.(NYSE: FRT), Rockville, MD; Regency Energy Partners, LP (NYSE: RGP),
Dallas, TX; Host Hotels & Resorts, Inc. (NYSE: HST), Bethesda, MD.

"Since 2009 U.S. companies have been raising billions each quarter through ATM
offerings," said Todd Wyche, President of Brinson Patrick. "In particular, oil
and gas companies are leveraging this offering type more than we have ever

An ATM provides an efficient means of raising equity capital over time by
enabling a publicly traded company to tap into the existing secondary market
for its shares on an as-needed basis. With an ATM, an exchange-listed company
incrementally sells newly issued shares into the trading market through a
designated broker-dealer at prevailing market prices, rather than via a
traditional underwritten offering of a fixed number of shares at a fixed price
all at once. ATMs are also generally less expensive and less complicated to
execute than traditional equity offerings and do not require a lot of
executive time.

About Brinson Patrick

Brinson Patrick draws on a 17-year track record of employing the DOCS®
(Dynamic Offering of Common Stock) at-the-market (ATM) financing facility to
raise the capital for clients as they need it. The DOCS® ATM is a low-profile
equity offering appropriate for publicly traded companies across multiple
industries and market capitalizations. It has been successfully utilized by
companies in the energy, life sciences, technology, real estate, financial
services and hospitality industries with market capitalizations that range
from $50 million to over $1 billion.

SOURCE Brinson Patrick

Website: http://www.brinsonpatrick.com
Contact: Brinson Patrick, Tim Studley, (212) 453-5000, tstudley@bpmeyers.com
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