Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thu, April 25, 8:43 AM

This Slide: #560 of 620

Slide #560. Arbor Realty Trust, Inc. — Preferred Stock Offering

Company:	Arbor Realty Trust, Inc. (NYSE:ABR)
Date announced:	1/29/2013
Security type:	8.25% Series A Cumulative Redeemable Preferred Stock (ABR.PRA)
Shares Offered:	1,400,000
Date of Pricing:	1/29/2013
Price Per Share:	$25
Preferred Stock Offering Details:	Arbor Realty Trust, Inc. announced today that it plans to make a public offering of an initial issuance of its Series A Cumulative Redeemable Preferred Stock. The Company will grant the underwriters a 30-day option to purchase additional shares of Series A Preferred Stock to cover over-allotments, if any. The Company intends to file an application to list the Series A Preferred Stock on the NYSE under the symbol "ABR PrA" and, if approved, expects trading to commence within 30 days after the initial issuance of the Series A Preferred Stock. - 1/30/13 - Arbor Realty Trust, Inc. (the "Company") (NYSE:ABR) announced today that it has priced the public offering of 1.4 million shares of its 8.25% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $35 million, before deducting underwriting discounts and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 210,000 shares of the Series A Preferred Stock to cover over-allotments, if any. The offering is expected to close on February 1, 2013.

Arbor Realty Trust is a real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other commercial real estate assets. Co.'s segments are: Structured Loan Origination and Investment Business, in which it 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; and Agency Loan Origination and Servicing Business, in which it originates, sells and services a range of multifamily finance products.

Preferreds: ABR.PRA, ABR.PRB, ABR.PRC, ABR.PRD, ABR.PRE, ABR.PRF

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ABR — Key Stats (updated 22 HRs, 3 MINs ago)

Name:
Arbor Realty Trust Inc
Website:
www.arbor.com
Sector:
REITs
Number of ETFs Holding ABR:
47 (see which ones)
Total Market Value Held by ETFs:
$589,322,243.74
Total Market Capitalization:
$2,380,000,000
% of Market Cap. Held by ETFs:
24.76%