Key Developments: Apollo Residential Mortgage Inc (AMTG.N)
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Latest Key Developments (Source: Significant Developments)
Apollo Residential Mortgage Inc Declares Second Quarter 2013 Dividends on Shares of Preferred and Common Stock
Apollo Residential Mortgage Inc announced the Board of Directors declared a cash dividend on the Company's 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the Series A Preferred Stock) of $0.50 per share for the period that ends on July 30, 2013. The Series A Preferred Stock dividend is payable on July 31, 2013 to preferred stockholders of record as of June 28, 2013. AMTG also announced the Board of Directors declared a quarterly dividend of $0.70 per share of common stock for the second quarter of 2013. The dividend is payable on July 31, 2013 to common stockholders of record on June 28, 2013. Full Article
Apollo Residential Mortgage Inc Declares First Quarter 2013 Dividends on Shares of Preferred and Common Stock
Apollo Residential Mortgage Inc announced the Board of Directors declared a cash dividend on the Company's 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the Series A Preferred Stock) of $0.50 per share for the period that ends on April 30, 2013. The Series A Preferred Stock dividend is payable on April 30, 2013 to preferred stockholders of record as of March 28, 2013. AMTG also announced the Board of Directors declared a quarterly dividend of $0.70 per share of common stock for the first quarter of 2013. The dividend is payable on April 30, 2013 to common stockholders of record on March 28, 2013. Full Article
Apollo Residential Mortgage Inc Announces Pricing Of Public Offering Of Common Stock
Apollo Residential Mortgage Inc announced the Company has priced an underwritten public offering of 6,800,000 shares of common stock. The Company has granted the underwriter a 30-day option to purchase up to an additional 1,020,000 shares of common stock. The offering is expected to close on March 13, 2013, and is subject to customary closing conditions. AMTG intends to use the net proceeds from the offering to acquire Agency residential mortgage-backed securities (RMBS), non-Agency RMBS and other residential mortgage assets. Morgan Stanley & Co. LLC is acting as sole book runner of the public offering. Full Article
Apollo Residential Mortgage Inc Announces Public Offering of Common Stock
Apollo Residential Mortgage Inc announced that the Company is commencing an underwritten public offering of 6,800,000 shares of common stock. The Company expects to grant the underwriter a 30-day option to purchase up to 1,020,000 additional shares of common stock. AMTG intends to use the net proceeds from the offering to acquire Agency residential mortgage-backed securities (RMBS), non-Agency RMBS and other residential mortgage assets. Morgan Stanley & Co. LLC is acting as sole book runner of the public offering. Full Article
Apollo Residential Mortgage Inc Declares Fourth Quarter 2012 Dividends On Shares Of Common And Preferred Stock
Apollo Residential Mortgage Inc announced the Board of Directors declared a quarterly dividend of $0.70 per share of common stock for the fourth quarter of 2012 and a special dividend of $0.35 per share of common stock. These dividends are payable on January 31, 2013 to common stockholders of record on December 31, 2012. The Company also announced the Board of Directors declared a cash dividend on the Company's 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") of $0.72778 per share for the period that began on September 20, 2012, the date of initial issuance of the Series A Preferred Stock, and ends on January 31, 2013. The Series A Preferred Stock dividend is payable on January 31, 2013 to preferred stockholders of record as of December 31, 2012. Full Article
Apollo Residential Mortgage Inc Announces Closing of $172.5 Million of 8.00% Perpetual Preferred Stock Offering
Apollo Residential Mortgage Inc announced the closing of an underwritten public offering of the Company's 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") with a liquidation preference of $25 per share. In connection with the offering, the underwriters exercised their option to purchase an additional 900,000 shares of the Series A Preferred Stock on the same terms and conditions. Together with the exercise of the underwriters' option to purchase additional shares, the Company sold an aggregate of 6,900,000 shares, which generated net proceeds to the Company of approximately $166.6 million, after deducting the underwriting discount and estimated offering expenses payable by the Company. AMTG intends to use the net proceeds from the offering to acquire Agency residential mortgage backed securities ("RMBS"), non-Agency RMBS and other residential mortgage assets included in the Company's investment strategy. Morgan Stanley, UBS Investment Bank and J.P. Morgan acted as the joint book-running managers for the offering. Credit Suisse Securities (USA) LLC, RBC Capital Markets, Stifel Nicolaus Weisel, and JMP Securities acted as the co-managers for the offering. Full Article
Apollo Residential Mortgage Inc Announces Third Quarter 2012 Dividend
Apollo Residential Mortgage Inc announced that the Board of Directors declared a dividend of $0.85 per share of common stock for the third quarter of 2012, a $0.10 increase per share from the second quarter common stock dividend. The dividend is payable on October 31, 2012 to common stockholders of record on September 28, 2012. Full Article
Apollo Residential Mortgage Inc Announces Pricing of $150 Million of 8.00% Perpetual Preferred Stock Offering
Apollo Residential Mortgage Inc announced the Company sold 6,000,000 shares of 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") with a liquidation preference of $25 per share. In addition, the Company has granted the underwriters a 30-day option to purchase an additional 900,000 shares of the Series A Preferred Stock on the same terms and conditions. The offering is expected to close on or about September 20, 2012, subject to customary closing conditions. Morgan Stanley, UBS Investment Bank and J.P. Morgan are the joint book-running managers for the offering. Credit Suisse Securities (USA) LLC, RBC Capital Markets, Stifel Nicolaus Weisel, and JMP Securities are the co-managers for the offering. The Company estimates the net proceeds from the offering, after the underwriting discounts and commissions and estimated offering expenses payable by the Company, will be approximately $144.8 million, or approximately $166.6 million if the underwriters' option to purchase additional shares is exercised in full. The Company intends to use the net proceeds from this offering to acquire Agency residential mortgage backed securities ("RMBS"), non-Agency RMBS and other residential mortgage assets included in the Company's investment strategy. Full Article
Apollo Residential Mortgage Inc Announces Preferred Stock Offering
Apollo Residential Mortgage Inc announced that the Company has commenced an underwritten public offering of shares of Series A Cumulative Redeemable Perpetual Preferred Stock (the Series A Preferred Stock). Morgan Stanley, UBS Investment Bank and J.P. Morgan are the joint book-running managers for the offering. Credit Suisse Securities (USA) LLC, RBC Capital Markets, Stifel Nicolaus Weisel, and JMP Securities are the co-managers for the offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Series A Preferred Stock initially sold to the public. The Company intends to file an application to list the Series A Preferred Stock on the New York Stock Exchange. The Company intends to use the net proceeds from this offering to acquire Agency residential mortgage backed securities (RMBS), non-Agency RMBS and other residential mortgage assets included in the Company's investment strategy. Full Article
Apollo Residential Mortgage Inc Announces Second Quarter 2012 Dividend Of $0.75 Per Share
Apollo Residential Mortgage, Inc. announced the Board of Directors declared a dividend of $0.75 per share of common stock for the second quarter of 2012. The dividend is payable on July 31, 2012 to common stockholders of record on June 29, 2012. Full Article

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