Five Oaks Investment Corp. announced on May 15, 2018 that it will change its name to Hunt Companies Finance Trust, Inc., effective May 25, 2018. The new name was chosen to better reflect the Company's new strategic direction and management by Hunt Investment Management, LLC. The Company will change its ticker symbols on the NYSE to "HCFT" and "HCFT PR A" and anticipates that trading under the new name and ticker symbols will commence on May 29, 2018.
Hunt Companies Finance Trust is a real estate specialty finance company focused on investing on a leveraged basis in mortgage-backed securities (“MBS”), mortgages and other real estate related investments. Our common stock trades on the NYSE under the ticker symbol “HCFT”.
A Maryland corporation formed in March 2012, Five Oaks completed its initial public offering in March 2103. We have elected and qualified to be taxed as a real estate investment trust ("REIT") for U.S. federal income tax purposes under the Internal Revenue Code of 1986. As a result, we are required to meet a number of asset and income tests, and to distribute at least 90% of our REIT taxable income to our stockholders on an annual basis.
We are externally managed and advised by Hunt Investment Management, LLC.