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Buy (3.00 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tuesday, April 23, 6:28 AM
Slide #603. Apollo Residential Mortgage, Inc. — Preferred Stock Offering
| Company: |
Apollo Residential Mortgage, Inc. (AMTG) |
| Date announced: |
9/13/2012 |
| Underwriters: |
Morgan Stanley, UBS Investment Bank and J.P. Morgan |
| Shares Offered: |
6,000,000 |
| Date of Pricing: |
9/13/2012 |
| Price Per Share: |
$25 |
| Closed Date: |
9/20/2012 |
| Preferred Stock Offering Details: |
Apollo Residential Mortgage, Inc. announced the Company has commenced an underwritten public offering of its shares of Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock"). Morgan Stanley, UBS Investment Bank and J.P. Morgan are the joint book-running managers for the offering. Credit Suisse Securities (USA) LLC, RBC Capital Markets, Stifel Nicolaus Weisel, and JMP Securities are the co-managers for the offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Series A Preferred Stock initially sold to the public. The Company intends to file an application to list the Series A Preferred Stock on the New York Stock Exchange. --updated 9/13/12 -- Apollo Residential Mortgage, Inc. announced the Company sold 6,000,000 shares of 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") with a liquidation preference of $25 per share. In addition, the Company has granted the underwriters a 30-day option to purchase an additional 900,000 shares of the Series A Preferred Stock on the same terms and conditions.--updated 9/20/12 -- Apollo Residential Mortgage, Inc. announced the closing of an underwritten public offering of the Company's 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") with a liquidation preference of $25 per share. |
Apollo Residential Mortgage is a holding company. Co. conducts business primarily through its ARM Operating, LLC subsidiary and its other operating subsidiaries. Co. is an alternative investment manager primarily engaged the business of investing, on a levered basis, in residential mortgage and mortgage-related assets in the U.S. As of Dec 31 2015, Co.'s portfolio was comprised of Agency residential mortgage-backed securities (RMBS) (comprised of pass-through, interest-only (IO) and Inverse IO securities), non-Agency RMBS, securitized mortgage loans, and other mortgage and mortgage related investment securities and other mortgage related investments. Preferred: AMTG.PRA
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