Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Thu, December 2, 10:41 AM
|This Slide: #546 of 573|
Slide #546. NorthStar Realty Finance Corp. — Preferred Stock Offering
NorthStar Realty Finance Corp. (NRF)
Preferred Stock Offering Details:
NorthStar Realty Finance Corp. announced that it has commenced an underwritten public offering of $50 million of its new Series C Preferred Stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional $7.5 million of its Series C Preferred Stock solely to cover over-allotments, if any. UBS Investment Bank and Citigroup are acting as the joint book-running managers of the offering. Barclays, Deutsche Bank Securities and Stifel Nicolaus Weisel are acting as the co-lead managers of the offering and JMP Securities, MLV & Co. and Sterne Agee are acting as the co-managers of the offering.
NorthStar Realty Finance is a commercial real estate company. Co. is externally managed and advised by an affiliate of NorthStar Asset Management Group Inc. Co.'s primary business lines are: real estate, which focuses on various types of investments in commercial real estate that includes healthcare, hotel, manufactured housing communities, net lease, multifamily and multi-tenant office properties; Commercial Real Estate Debt, which focuses on senior and subordinate debt investments; and Commercial Real Estate Securities, which is comprised of its collateralized debt obligations (N-Star CDO) bonds and N-Star CDO equity of deconsolidated N-Star CDOs and includes other securities.
Open the NRF Page at Preferred Stock Channel »
Free NRF Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Buy (3.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com