|Five Oaks Investment Corp. Announces Results of Election Process for Deficiency Dividend, and First Quarter 2017 Common Stock Dividend for January, February and March 2017 together with Preferred Stock Dividend|
The payment date of the deficiency dividend was December 27, 2016. As a result of the stockholder elections and of the computation referenced above, the Company paid the maximum 20% in cash and issued 2,936,798 shares of common stock, or 20.11% of its previously outstanding number of shares, for a post-payment total number of outstanding shares of common stock of 17,539,192.
Monthly Dividends for the First Quarter of 2017
First Quarter 2017 Common Stock Dividends
In accordance with the terms of the 8.75% Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of the Company, the board of directors has also declared monthly cash dividend rates for the first quarter of 2017 of
First Quarter 2017 Series A Preferred Stock Dividends
This press release includes "forward-looking statements" within the meaning of the U.S. securities laws that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of the Company's business, financial condition, liquidity, results of operations, plans and objectives. You can identify forward-looking statements by use of words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions or other comparable terms, or by discussions of strategy, plans or intentions. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. Forward-looking statements are based on the Company's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. Additional information concerning these and other risk factors are contained in the Company's most recent filings with the
All subsequent written and oral forward-looking statements that the Company makes, or that are attributable to the Company, are expressly qualified in their entirety by this cautionary notice. Any forward-looking statement speaks only as of the date on which it is made. Except as required by law, the Company is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
Investors, security holders and other interested persons may find additional information regarding the Company at the
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David Oston, Chief Financial Officer, Five Oaks Investment Corp., (212) 257 5073