Five Oaks Investment Corp. (OAKS)

[GMONEY4]

Divy cut to .06 and 10m stock repurchase program authorized..

8:30 am ET December 16, 2015 (PR Newswire)
Five Oaks Investment Corp. (NYSE: OAKS) (the "Company") today announced that the Company's board of directors has authorized a stock repurchase program for up to $10 million of the Company's common stock. Under the stock repurchase program, the Company may repurchase its common stock from time to time, in amounts, at prices and at such times as the Company deems appropriate, subject to market conditions and other considerations. The Company's repurchases may be executed using open market purchases (including through 10b5-1 plans), privately negotiated transactions, accelerated share repurchase programs or other transactions.

The Company also announced that its board of directors has declared monthly cash dividend rates for the first quarter of 2016 of $0.06 per share of common stock for the months of January, February and March:

First Quarter 2016 Common Stock Dividends

Month Dividend Record Date Payment Date
January 2016 $0.06 January 15, 2016 January 28, 2016
February 2016 $0.06 February 16, 2016 February 26, 2016
March 2016 $0.06 March 15, 2016 March 30, 2016


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