Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sunday, June 7, 9:27 PM
| This Slide: #606 of 666 |
Slide #606. 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, Inc. is a real estate investment trust. Co.'s segments include Structured Business and Agency Business. Through its Structured Business, it invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental (SFR) and commercial real estate markets, primarily consisting of bridge loans, in addition to mezzanine loans, junior participating interests in first mortgages and preferred and direct equity. It also invests in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities.
Preferreds: ABR.PRA, ABR.PRB, ABR.PRC, ABR.PRD, ABR.PRE, ABR.PRF
Open the ABR Page at Preferred Stock Channel »Open the ABR.PRA Page at Preferred Stock Channel for More Information About this Preferred »
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