Five Oaks prices $60.5 million initial public sale of stock at $15.00

Company plans $25 million concurrent private placement with XL Group

By Devika Patel

Knoxville, Tenn., March 22 - Five Oaks Investment Corp. said on Thursday that it priced its $60.5 million initial public offering of stock with a $9.08 million greenshoe. It expects its shares to trade on the NYSE exchange under the symbol "OAKS."

The company will sell 4,033,333 common shares at $15.00 apiece.

Barclays, Credit Suisse Securities (USA) LLC, UBS Securities LLC and Keefe, Bruyette & Woods, Inc. are the joint bookrunning managers.

Settlement is expected March 27.

The company is also selling 1,666,667 shares at the same price to a subsidiary of XL Group plc in a concurrent $25 million private placement.

The investment company is based in New York.

Issuer:	Five Oaks Investment Corp.
Issue:	Common stock
Amount:	$60,499,995
Greenshoe:	$9,074,985
Shares:	4,033,333
Price:	$15.00
Warrants:	No
Bookrunners:	Barclays, Credit Suisse Securities (USA) LLC, UBS Securities LLC and Keefe, Bruyette & Woods, Inc.
Co-managers:	Ladenburg Thalmann & Co. Inc., Mitsubishi UFJ Securities (USA), Inc., Aegis Capital Corp. and National Securities Corp.
Pricing date:	March 21
Settlement date:	March 27
Stock symbol:	NYSE: OAKS

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