NEW YORK, June 14, 2017 /PRNewswire/ -- Five Oaks
Investment Corp. (NYSE: OAKS) (the "Company") today announced that
the Company has commenced an underwritten public offering of
4,000,000 shares of its common stock (the "Common Stock"). In
addition, the Company will grant the underwriters a 30-day option
to purchase up to an additional 15%, or 600,000 shares, of the
Common Stock. The Common Stock is listed on the NYSE under
the symbol "OAKS."
The Company intends to use the net proceeds from the offering to
purchase agency RMBS, which are residential mortgage-backed
securities, for which a U.S. Government agency such as Ginnie Mae or a federally chartered corporation
such as Fannie Mae or Freddie Mac, guarantees payments of principal
and interest of the securities and for working capital and other
general purposes.
JMP Securities LLC is acting as book-running manager for the
offering. Ladenburg Thalmann is acting as lead manager for
the offering.
A shelf registration statement (File No. 333-215234) relating to
the Common Stock being offered has been filed with and declared
effective by the Securities and Exchange Commission (the
"SEC"). This press release does not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or other jurisdiction in
which such an offer, solicitation or sale would be unlawful before
registration or qualification thereof under the securities laws of
any such state or jurisdiction. The offering of the Common
Stock will be made only by means of a preliminary prospectus
supplement which will be filed by the Company with the SEC, and the
accompanying base prospectus, which is filed as part of the
Company's effective shelf registration statement. Copies of
the preliminary prospectus supplement, together with the
accompanying prospectus, and the final prospectus supplement, when
available, can be obtained at the SEC's website at
http://www.sec.gov, from JMP Securities LLC, 600 Montgomery Street,
10th Floor, San Francisco, CA
94111, Attn: Prospectus Department, telephone: (415) 835-8985
or from Ladenburg Thalmann & Co. Inc., 570 Lexington Ave., 11th
Floor, New York, NY 10022, by
email at prospectus@ladenburg.com.
About Five Oaks Investment Corp.
Five Oaks Investment
Corp. is a real estate investment trust ("REIT") focused with its
subsidiaries on investing on a leveraged basis in mortgage and
other real estate-related assets, particularly mortgage-backed
securities ("MBS"), including residential mortgage-backed
securities ("RMBS") and multi-family mortgage-backed securities
("Multi-Family MBS") and mortgage servicing rights. The Company's
objective remains to deliver attractive cash flow returns over time
to its investors, primarily through dividends and secondarily
through capital appreciation. Five Oaks Investment Corp. is
externally managed and advised by Oak Circle Capital Partners
LLC.
Forward-Looking Statements
This press release
includes "forward-looking statements" within the meaning of the
U.S. securities laws that are subject to risks and uncertainties.
These forward-looking statements include information about possible
or assumed future results of the Company's business, financial
condition, liquidity, results of operations, plans and objectives.
You can identify forward-looking statements by use of words such as
"believe," "expect," "anticipate," "estimate," "plan," "continue,"
"intend," "should," "may" or similar expressions or other
comparable terms, or by discussions of strategy, plans or
intentions. Statements regarding the Company's ability to complete
this securities offering and the Company's anticipated use of the
net proceeds of this securities offering, among others, may be
forward-looking. 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 the Company. Actual results may differ from
expectations, estimates and projections and, consequently, you
should not rely on these forward-looking statements as predictions
of future events. Forward-looking statements are subject to
substantial risks and uncertainties, many of which are difficult to
predict and are generally beyond the Company's control. Additional
information concerning these and other risk factors are contained
in the Company's most recent filings with the Securities and
Exchange Commission, which are available on the Securities and
Exchange Commission's website at www.sec.gov.
All subsequent written and oral forward-looking statements that
the Company makes, or that are attributable to the Company, are
expressly qualified in their entirety by this cautionary notice.
Any forward-looking statement speaks only as of the date on which
it is made. Except as required by law, the Company is not obligated
to, and does not intend to, update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/five-oaks-investment-corp-announces-public-offering-of-additional-shares-of-common-stock-300474214.html
SOURCE Five Oaks Investment Corp.
