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By Ru Back Packer Staff, updated Sunday, January 28, 10:59 AM

Slide #407. Hatteras Financial Corp. Preferred Stock Offering

Company: Hatteras Financial Corp. (NYSE:HTS)
Date announced: 8/16/2012
Underwriters: Wells Fargo Securities, LLC, Citigroup Global Markets Inc., UBS Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated
Security type: 7.625% Series A Cumulative Redeemable Preferred Stock (NYSE:HTS.PRA)
$Amount Offered: $250,000,000
Date of Pricing: 8/16/2012
Price Per Share: $25.00
Preferred Stock Offering Details: Hatteras Financial Corp. announced it commenced an underwritten public offering of shares of its Series A Cumulative Redeemable Preferred Stock. The Company expects to grant the underwriters a 30-day option to purchase additional shares of Series A Preferred Stock solely to cover overallotments, if any. The Company will file an application to list the Series A Preferred Stock on the New York Stock Exchange under the symbol "HTSPrA." -- updated 8/16/12 -- Hatteras Financial Corp. announced that it priced an underwritten public offering of 10,000,000 shares of its 7.625% Series A Cumulative Redeemable Preferred Stock at a public offering price of $25.00 per share, for gross proceeds of $250.0 million, before deducting the underwriting discount and other estimated offering costs. The Company granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of the Series A Preferred Stock solely to cover overallotments, if any. The offering is expected to close on August 27, 2012, subject to customary closing conditions.

Hatteras Financial is an externally-managed mortgage real estate investment trust that invests in single-family residential mortgage real estate assets. Co. has primarily invested in mortgage-backed securities (MBS) issued or guaranteed by a U.S. Government agency, or by a U.S. Government-sponsored enterprise. Co. refers to these securities as agency securities. Co. also acquires and aggregates individual whole jumbo mortgage loans, with a goal of securitizing the mortgage loans into MBS not issued or guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. Co. refers to these securities as non-agency securities.

Preferred: HTS.PRA


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Name: Hatteras Financial Corp
Website: hatfin.com
Sector: REITs

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