HATTERAS FINANCIAL CORP. (NYSE: HTS) announces the initial public
offering of 10,000,000 shares of its common stock at a price of $24.00
per share. Hatteras Financial Corp. has granted the underwriters of the
offering an option to purchase up to an additional 1,500,000 shares to
cover over-allotments, if any. Hatteras Financial Corp. common stock is
expected to begin trading on Friday, April 25th
on the New York Stock Exchange under the symbol “HTS.”
The offering is expected to close on April 30, 2008.
Keefe, Bruyette & Woods, Inc. and Banc of America Securities LLC are
acting as co-book running managers, and Wachovia Capital Markets, LLC,
JMP Securities LLC and Stifel, Nicolaus & Company, Incorporated are
acting as co-managers.
A registration statement relating to these securities has been declared
effective by the Securities and Exchange Commission. This press release
does not constitute an offer to sell or the solicitation of an offer to
buy the shares of common stock or any other securities, nor will there
be any sale of the shares of common stock or any other securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities
laws of such state or jurisdiction. Any offer, if at all, will be made
only by means of a prospectus forming a part of the effective
registration statement.
Copies of the final prospectus relating to the offering may be obtained
from Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New
York, NY 10019 or Banc of America Securities LLC, 100 N. Tryon Street,
24th Floor, Charlotte, NC 28255.
Forward-Looking Statements
Statements in this news release other than historical facts, including
the expected closing date, are “forward-looking
statements.” Forward-looking statements
reflect management’s beliefs and expectations.
They involve risk and uncertainty and are not guarantees of future
results. Actual results may differ materially. You are cautioned not to
place undue reliance on forward-looking statements, which speak only as
of the date of this news release. Hatteras Financial Corp. disclaims any
duty to update any forward-looking statements as a result of new
information, future developments or otherwise.
About Hatteras Financial Corp.
Hatteras Financial Corp. is an externally-managed mortgage real estate
investment trust formed in 2007 to invest in adjustable-rate and hybrid
adjustable-rate single-family residential mortgage pass-through
securities issued or guaranteed by U.S. Government agencies or U.S.
Government–sponsored entities, such as Fannie
Mae, Freddie Mac or Ginnie Mae. Hatteras Financial Corp. is externally
managed and advised by its manager, Atlantic Capital Advisors LLC.
Hatteras Financial Corp.
Benjamin M. Hough, 336-760-9331
President
and Chief Operating Officer