General Finance Corporation Announces Closing of Public Offering of 9.00% Series C Cumulative Redeemable Perpetual …

PASADENA, Calif., May 17, 2013 (GLOBE NEWSWIRE) — General Finance Corporation (GFN), the parent company of businesses in the mobile storage, modular space and liquid containment industries (the “Company”), announced today that it has completed its public offering of 350,000 shares of its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”), liquidation preference $100.00 per share, for gross proceeds of $35 million, before deducting the underwriting discount and other estimated offering costs. The shares are listed on the NASDAQ Global Select Market under the symbol “GFNCP” and began trading today. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 50,000 shares of the Series C Preferred Stock to cover overallotments, if any.