Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Fri, May 20, 11:04 PM
|This Slide: #481 of 581|
Slide #481. Arbor Realty Trust, Inc. — Preferred Stock Offering
Arbor Realty Trust, Inc. (NYSE:ABR)
Series B Cumulative Redeemable Preferred Stock (ABR.PRB)
Preferred Stock Offering Details:
Arbor Realty Trust, Inc. (the "Company") (NYSE:ABR) announced today that it plans to make a public offering of an initial issuance of its Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock"). The Company will grant the underwriters a 30-day option to purchase additional shares of Series B Preferred Stock to cover over-allotments, if any. The Company intends to file an application to list the Series B Preferred Stock on the NYSE under the symbol "ABR PrB" and, if approved, expects trading to commence within 30 days after the initial issuance of the Series B Preferred Stock.
Arbor Realty Trust is a real estate investment trust. Co. operates through two business segments: its Structured Loan Origination and Investment Business (Structured Business) and its Agency Loan Origination and Servicing Business (Agency Business). Through its Structured Business, Co. invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity. Through its Agency Business, Co. originates, sells and services a range of multifamily finance products.
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