SEC Comment Letter for OFFICE PROPERTIES INCOME TRUST (OPI, OPINL) (CIK 0001456772) (OPI) — Mar 24, 2016
OFFICE PROPERTIES INCOME TRUST (OPI, OPINL) (CIK 0001456772)
Date: March 24, 2016 · CIK: 0001456772 · Accession: 0000000000-16-069555
AI Filing Summary & Sentiment
Letter
Mailstop 3233 March 24, 2016 VIA E -MAIL Mr. Mark L. Kleifges Treasurer and Chief Financial Officer Government Properties Income Trust Two Newton Place, 255 Washington Street, Suite 300 Newton, MA 02458 -1634
Re: Government Properties Income Trust Form 10-K for the year ended December 31, 2015 Filed on February 18, 2016 File No. 001 -34364
Dear Mr. Mark L. Kleifges :
We have limited our review of your filing to the financial statements and related disclosures and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten busine ss days by providing the requested information or advis e us as soon a s possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
FORM 10 -K FOR THE YEAR ENDED DECEMBER 31, 2015
Note 8 – Indebtedness, page s F-24 – F-25
1. Please revise future periodic filings to include disclosure requirements outlined within paragraph 470 -10-50-1 of the Financial Accounting Standards Codification and/or clarify how you have complied with such disclosure requirements.
We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing t o be certain that the filing includes the information the Securities Exchange Act of 1934 and all applicable Exchange Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made.
Mark L. Kleifges Government Properties Income Trust March 24, 2016 Page 2
In responding to our comment, please provide a written statement from the company acknowledging that:
the company is responsible for the adequacy and accuracy of the disclosure in the filing;
staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and
the company may not assert staff comments as a defense in any proceeding initiated b y the Commission or any person under the federal securities laws of the United States.
You may contact Peter McPhun, Staff Accountan t, at 202-551-3581 or me at 202-551- 3468 with any questions.
Sincerely,
/s/ Wilson K. Lee
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Mailstop 3233 March 24, 2016 VIA E -MAIL Mr. Mark L. Kleifges Treasurer and Chief Financial Officer Government Properties Income Trust Two Newton Place, 255 Washington Street, Suite 300 Newton, MA 02458 -1634 Re: Government Properties Income Trust Form 10-K for the year ended December 31, 2015 Filed on February 18, 2016 File No. 001 -34364 Dear Mr. Mark L. Kleifges : We have limited our review of your filing to the financial statements and related disclosures and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten busine ss days by providing the requested information or advis e us as soon a s possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. FORM 10 -K FOR THE YEAR ENDED DECEMBER 31, 2015 Note 8 – Indebtedness, page s F-24 – F-25 1. Please revise future periodic filings to include disclosure requirements outlined within paragraph 470 -10-50-1 of the Financial Accounting Standards Codification and/or clarify how you have complied with such disclosure requirements. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing t o be certain that the filing includes the information the Securities Exchange Act of 1934 and all applicable Exchange Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. Mark L. Kleifges Government Properties Income Trust March 24, 2016 Page 2 In responding to our comment, please provide a written statement from the company acknowledging that: the company is responsible for the adequacy and accuracy of the disclosure in the filing; staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and the company may not assert staff comments as a defense in any proceeding initiated b y the Commission or any person under the federal securities laws of the United States. You may contact Peter McPhun, Staff Accountan t, at 202-551-3581 or me at 202-551- 3468 with any questions. Sincerely, /s/ Wilson K. Lee Wilson K. Lee Senior Staff Accountant Office of Real Estate and Commodities