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Five Oaks arranges $75 million at-the-market offering of common stock
Mitsubishi UFJ, BTIG and Keefe, Bruyette & Woods are agents for deal
By Devika Patel
Knoxville, Tenn., May 30 - Five Oaks Investment Corp. negotiated a $75 million at-the-market equity sales agreement with agents Mitsubishi UFJ Securities (USA), Inc., BTIG, LLC and Keefe, Bruyette & Woods, Inc. on May 30, according to an 8-K and prospectus supplement filed Friday with the Securities and Exchange Commission.
The agents will be paid a 2% commission.
Proceeds will be used to purchase legacy non-agency residential mortgage-backed securities and non-agency mortgage assets.
Five Oaks is a New York-based real estate investment trust focused on investing, financing and managing a portfolio of RMBS and MBS.
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