Equity Commonwealth (EQC) Announces $150M Stock Buyback

Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees authorized the repurchase of $150 million of its outstanding common shares over the next 12 months under the company’s existing share repurchase program. The prior authorization will expire on March 15, 2018.

Purchases made pursuant to the program will be made from time to time in the open market, privately negotiated transactions or other manners as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The program may be suspended or discontinued at any time.

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