Reynolds Advisory Partners advises the Special Committee of the Independent Trustees of Government Properties Income Trust

LOS ANGELES, June 16, 2015 — Reynolds Advisory Partners, LLC (“RAP” or “Reynolds”) acted as the exclusive financial advisor to the Special Committee of the Independent Trustees of Government Properties Income Trust (“GOV”) (NYSE: GOV) in connection with a transaction that was announced on June 5, 2015. GOV is a real estate investment trust with an enterprise value of approximately $2.5 billion.

On June 5, 2015, GOV entered into a Transaction Agreement by and among GOV and its external asset manager, Reit Management & Research LLC (“LLC”) and other associated parties. Pursuant to the Transaction Agreement, GOV issued its own common shares and paid additional cash in consideration for stock in a holding company representing approximately a 5.0% beneficial interest in LLC. RAP provided a fairness opinion regarding the consideration paid by GOV in the transaction.

With over $60 billion of public and private company M&A and capital markets experience , RAP’s professionals have extensive experience in advising Independent/Special Committees of both public and private companies, of all sizes, in facing complex issues, including evaluating related party transactions. In those situations, RAP is able to provide unconflicted, expert advice and assist the Independent/Special Committee in fulfilling its legal and fiduciary obligations.

Doug Reynolds, Founder and Managing Director of RAP, said: “We were pleased to assist the Special Committee of GOV’s Independent Trustees in evaluating the proposed transaction. Our senior officers have extensive experience in advising Independent/Special Committees on complex transactions, including those that involve both public and private companies, and transaction sizes in the billions of dollars.”

About Reynolds Advisory Partners, LLC

Founded in 2008, Reynolds Advisory Partners, LLC is a boutique investment bank with a focus on the “middle market”. RAP provides a full suite of financial advisory services for mid-size and growing companies, including mergers, acquisitions, divestitures, restructurings, and the issuance of debt and equity capital. In addition, as exemplified by the GOV Special Committee assignment, Reynolds Advisory Partners advises Independent/Special Committees of both public and private companies, of all sizes, in facing complex issues, including evaluating related party transactions. For such assignments, RAP may be retained to provide a fairness opinion and/or valuation.

For more information, visit www.reynoldsap.com.

Reynolds Advisory Partners, LLC - Investment Banking Contacts:

Douglas E. Reynolds, Managing Director: dreynolds@reynoldsap.com. 626-316-6090

Brian MacLeod, Managing Director: bmacleod@reynoldsap.com. 626-316-6092

Source: Reynolds Advisory Partners, LLC