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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thu, December 2, 11:38 AM

Slide #424. Five Oaks Investment Corp. Preferred Stock Offering

Company: Five Oaks Investment Corp. (OAKS)
Date announced: 12/17/2013
Security type: 8.75% Series A Cumulative Redeemable Preferred Stock (OAKS.PRA)
Shares Offered: 800,000
Date of Pricing: 12/18/2013
Price Per Share: $25
Preferred Stock Offering Details: Five Oaks Investment Corp. (NYSE: OAKS) today announced that the Company has commenced an underwritten public offering of its Series A Cumulative Redeemable Preferred Stock. In addition, the Company will grant the underwriters a 30-day option to purchase up to an additional 15% of the Series A Preferred Stock. The Company has applied to list the Series A Cumulative Redeemable Preferred Stock on the New York Stock Exchange under the symbol "OAKS-PrA". - updated 12/18 - Five Oaks Investment Corp. (NYSE: OAKS) (the "Company") today announced that it has priced a public offering of 800,000 shares of its 8.75% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") liquidation preference of $25.00 per share for estimated net proceeds of $18.3 million. The offering is subject to customary closing conditions and is expected to close on December 23, 2013.

Five Oaks Investment is a real estate investment trust. Co. is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), multi-family mortgage backed securities (Multi-Family MBS), mortgage servicing rights and other mortgage-related investments. Co. invests in the following assets: Agency RMBS, which are residential mortgage-backed securities, for which a U.S. Government agency or a federally chartered corporation guarantees payments of principal and interest on the securities; Multi-Family MBS; Non-Agency RMBS, which are RMBS that are not issued or guaranteed by a U.S. Government-sponsored entity; and other mortgage-related investments.

Preferred: OAKS.PRA


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Name: 
Hunt Companies Finance Trust Inc
Website: 
www.fiveoaksinvestment.com
Sector: 
REITs
 

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