The Company has granted the underwriters an option for 30 days to purchase up to an additional 750,000 shares of the Series D Preferred Stock to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on
The Company intends to use the net proceeds of the offering to acquire certain of its targeted assets and various other types of mortgage-related and financial assets that it may target from time to time. The Company may also use net proceeds for general working capital purposes, including the repayment of indebtedness.
The offering is being made pursuant to the Company’s existing shelf registration statement, which automatically became effective upon filing with the
Attn: Prospectus Department
Attn: Prospectus Specialist
Phone: (888) 827-7275
Attn: Capital Markets
Phone: (800) 966-1559
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of Series D Preferred Stock or any other securities, nor shall there be any sale of such shares or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
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Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. The Company’s actual results may differ from the Company’s beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as “anticipate,” “estimate,” “will,” “should,” “expect,” “believe,” “intend,” “seek,” “plan” and similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. For example, the fact that this offering has priced may imply that this offering will close, but the closing is subject to market conditions and conditions customary in transactions of this type and may be delayed or may not occur at all. No assurance can be given that the offering discussed above will be completed on the terms described or at all, or that the net proceeds of the offering will be used as indicated. The beliefs, assumptions and expectations on which the forward-looking statements are based are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to the Company, including those described in its Annual Report on Form 10-K for the fiscal year ended
For Further Information
AT THE COMPANY
Kristine R. Nario
Chief Financial Officer
Phone: 646-216-2363
Email: [email protected]