Five Oaks Investment Prices Additional Shares of Common Stock

Five Oaks Investment, a real estate investment trust. said Friday that it has priced an underwritten public offering of 4 million shares of its common stock at $4.60 per share. In connection with the offering, the company has granted the underwriters an option for 30 days to purchase up to an additional 15%, or 600,000 shares of the common stock.

The company said it intends to use the net proceeds from the offering to purchase agency residential mortgage-backed securities, for which a U.S. Government agency such as Ginnie Mae or a federally chartered corporation such as Fannie Mae or Freddie Mac, guarantees payments of principal and interest of the securities and for working capital and other general purposes.

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