|
|
|
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 26, 7:49 PM
Slide #560. 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 is a real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other commercial real estate assets. Co.'s segments are: Structured Loan Origination and Investment Business, in which it invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity; and Agency Loan Origination and Servicing Business, in which it originates, sells and services a range of multifamily finance products. 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 »
Name: |
Arbor Realty Trust Inc |
Website: |
www.arbor.com |
Sector: |
REITs |
Number of ETFs Holding ABR: |
47 (see which ones) |
Total Market Value Held by ETFs: |
$532,465,647.4 |
Total Market Capitalization: |
$2,428,000,000 |
% of Market Cap. Held by ETFs: |
21.93% |
|
|
|