CYS Investments, Inc. Announces Public Offering of Series A Cumulative Redeemable Preferred Stock
Today : Thursday 26 July 2012
CYS Investments, Inc. (NYSE: CYS) (the "Company") today announced that it plans to make a public offering of shares of its Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”). The Company intends to apply to list the Series A Preferred Stock on the New York Stock Exchange under the symbol “CYS PrA.”
Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint book-running managers for the offering. RBC Capital Markets, LLC, Stifel, Nicolaus & Company, Incorporated, Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as co-managers.
The Company intends to use the net proceeds of the offering to invest in Agency RMBS and for general corporate purposes.
The offering will be made pursuant to the Company's existing shelf registration statement previously filed with the Securities and Exchange Commission that became effective upon filing. This press release is neither an offer to sell nor a solicitation of an offer to buy shares of Series A Preferred Stock. The offering of these securities will be made only by means of a prospectus and a related prospectus supplement, a copy of which may be obtained by contacting:
Morgan Stanley & Co. LLC
Attention: Prospectus Department
1585 Broadway
New York, NY 10036-6775
Email: prospectus@morganstanley.com
Telephone: (866) 718-1649
Citigroup Global Markets Inc.
Attention: Prospectus Department
Brooklyn Army Terminal
140 East 58th Street, 8th Floor
Brooklyn, NY 11220
Email: BATProspectusdept@citi.com
Telephone: (877) 858-5407
UBS Securities LLC
Attention: Prospectus Department
299 Park Avenue
New York, NY 10171
Telephone: (877) 827-6444, ext. 561-3884
The prospectus supplement and the accompanying prospectus shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About CYS Investments, Inc.
CYS Investments, Inc. is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through securities for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. CYS Investments has elected to be taxed as a real estate investment trust for federal income tax purposes.
