NEW YORK, Jan. 5, 2018 /PRNewswire/ -- Five Oaks
Investment Corp. (NYSE: OAKS) (the "Company") today announced
that its board of directors has declared monthly cash dividend
rates for the first quarter of 2018 of $0.0333 per share of common stock for the months
of January, February and March.
First Quarter 2018 Common Stock Dividends
|
Month
|
Dividend
|
Record
Date
|
Payment
Date
|
|
|
|
|
|
January
2018
|
$0.0333
|
January 16,
2018
|
January 30,
2018
|
|
|
|
|
|
February
2018
|
$0.0333
|
February 15,
2018
|
February 27,
2018
|
|
|
|
|
|
March 2018
|
$0.0333
|
March 15,
2018
|
March 29,
2018
|
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 2018 of $0.1823 per share of Series A Preferred
Stock:
First Quarter 2018 Series A Preferred Stock Dividends
|
Month
|
Dividend
|
Record
Date
|
Payment
Date
|
|
|
|
|
|
January
2018
|
$0.1823
|
January 16,
2018
|
January 26,
2018
|
|
|
|
|
|
February
2018
|
$0.1823
|
February 15,
2018
|
February 27,
2018
|
|
|
|
|
|
March 2018
|
$0.1823
|
March 15,
2018
|
March 27,
2018
|
Five Oaks Investment Corp.
Five Oaks Investment Corp. is a real estate investment trust
focused with its subsidiaries on investing on a leveraged basis in
mortgage and other real estate-related assets, particularly
mortgage-backed securities and mortgage servicing rights. The
Company's objective is to deliver attractive cash flow returns over
time to its investors, primarily through dividends and secondarily
through capital appreciation.
Five Oaks Investment Corp. is externally managed and advised by
Oak Circle Capital Partners LLC.
Forward-Looking Statements
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 Securities and Exchange Commission, which are
available on the Securities and Exchange Commission's website at
www.sec.gov.
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
SEC's Internet site at http://www.sec.gov/ or the Company
website www.fiveoaksinvestment.com or by directing requests to:
Five Oaks Investment Corp., 540 Madison Avenue, 19th
Floor, New York, NY 10022,
Attention: Investor Relations.
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SOURCE Five Oaks Investment Corp.