U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): November 18, 2003
EASTGROUP PROPERTIES, INC.
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(Exact Name of Registrant as Specified in its Charter)
Maryland 1-7094 13-2711135
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
300 One Jackson Place, 188 East Capitol Street, Jackson, MS 39201-2195
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(Address of Principal Executive Offices, including zip code)
(601) 354-3555
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On November 18, 2003, EastGroup Properties, Inc. (the "Company") sold
847,458 shares of common stock to two institutional investors at $29.50 per
share. A.G. Edwards & Sons, Inc. was the exclusive placement agent for the
offering.
The Company intends to use the net proceeds of approximately $24,500,000
from the offering for general corporate purposes, including the possible payment
of costs of acquisition or development of industrial properties. Pending such
uses, the net proceeds will be used to reduce outstanding variable rate debt.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
(5) Opinion of Jaeckle Fleischmann & Mugel, LLP regarding legality.
(8) Opinion of Jaeckle Fleischmann & Mugel, LLP as to certain tax matters.
(23) Consents of Jaeckle Fleischmann & Mugel, LLP (included as part of
Exhibits 5 and 8).
(99) Placement Agency Agreement between EastGroup Properties, Inc. and A.G.
Edwards & Sons, Inc., dated November 13, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 19, 2003
EASTGROUP PROPERTIES, INC.
By: /s/ N. KEITH MCKEY
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N. Keith McKey
Executive Vice President, Chief Financial Officer
and Secretary
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Exhibit Index
Exhibit No. Description
(5) Opinion of Jaeckle Fleischmann & Mugel, LLP regarding legality.
(8) Opinion of Jaeckle Fleischmann & Mugel, LLP as to certain tax matters.
(23) Consents of Jaeckle Fleischmann & Mugel, LLP (included as part of
Exhibits 5 and 8).
(99) Placement Agency Agreement between EastGroup Properties, Inc. and
A.G. Edwards & Sons, Inc., dated November 13, 2003.
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