Key Developments: BofI Holding Inc (BOFI.O)
39.25USD
22 May 2013
$-1.06 (-2.63%)
$40.31
$40.37
$40.63
$39.00
140,772
111,766
$41.84
$18.13
Latest Key Developments (Source: Significant Developments)
BofI Holding Inc Announces Private Placement Of $18.6 Million Of Series C Convertible Preferred Stock
BofI Holding Inc announced that it has entered into subscription agreements with investors to issue in a private placement an aggregate of $18.6 million of 6.0% Series C Non-Cumulative Perpetual Convertible Preferred Stock. The Company has received subscription agreements for 1,857 shares of Series C Preferred Stock and each share of Series C Preferred Stock has a face value of $10,000 per share. There will be no underwriting or placement agent fee paid by the Company in connection with the sale of the Series C Preferred Stock. The Company intends to use the net proceeds for general corporate purposes including contributions of capital to the Bank to support asset growth. Full Article
BofI Holding Inc Announces Quarterly Dividend On Series B Convertible Preferred Stock
BofI Holding Inc announced that its Board of Directors has declared a cash dividend on BofI Holding, Inc.'s 6% Series B Non-Cumulative Perpetual Convertible Preferred Stock (Series B Preferred) for the quarter ending June 30, 2012. Series B Preferred shareholders of record at the close of business on July 1, 2012, shall receive $15.00 per share, payable on July 16, 2012. Full Article
BofI Holding Inc Announces Quarterly Dividend On Series B Convertible Preferred Stock
BofI Holding Inc announced that its Board of Directors has declared a cash dividend on BofI Holding, Inc.'s 6.0% Series B Non-Cumulative Perpetual Convertible Preferred Stock for the quarter ending March 31, 2012. Series B Preferred shareholders of record at the close of business on April 1, 2012, shall receive $15.00 per share, payable on April 16, 2012. Full Article
BofI Holding, Inc. Announces Quarterly Dividend On Series B Convertible Preferred Stock
BofI Holding, Inc. announced that its Board of Directors declared, on September 15, 2011, a quarterly cash dividend of $4.00 per share on the 12,117 shares of 6.0% Series B Non-Cumulative Perpetual Convertible Preferred Stock that were outstanding on October 1, 2011. Such amount represents a quarterly dividend rate of $15.00 per share, pro-rated for the partial quarter during which these shares were outstanding (September 7 to September 30, 2011). The dividend is payable on October 17, 2011 to the preferred stockholders of record at the close of business on October 1, 2011. Full Article
BofI Holding, Inc. Announces Increase In Public Offering of Series B Preferred Stock to $18.0 Million
BofI Holding, Inc. announced that an offering of up to 10,000 shares of 6.0% Series B Non-Cumulative Perpetual Convertible Preferred Stock with a face value of $1,000 per share, or an aggregate offering of $10.0 million before deducting placement fees and offering expenses. BofI has now determined to increase the maximum size of the series to 18,000 shares, with an aggregate face value of $18.0 million. BofI previously announced that it has received subscriptions for 8,667 shares of Series B preferred stock, and intends to offer the remaining 9,333 shares in a public offering, subject to market conditions. The Series B preferred stock is convertible at the holder's option into common stock at an initial conversion rate of 61.92 shares of the Company's common stock per share of preferred stock, which is equivalent to an initial conversion price of $16.15 share. B. Riley & Co., LLC is acting as the sole placement agent for the offering. Full Article
BofI Holding, Inc. Announces Public Offering of $10.0 Million of Series B Convertible Preferred Stock
BofI Holding, Inc. announced that it has entered into subscription agreements with investors to sell in a registered direct public offering an aggregate of 8,667 shares of new 6.0% Series B Non-Cumulative Perpetual Convertible Preferred Stock at a face value of $1,000 per share for aggregate gross proceeds of $8.7 million, before deducting placement agent fees and other offering expenses payable by the Company. The preferred stock will be convertible at the holder's option into common stock at an initial conversion rate of 61.92 shares of the Company's common stock per share of preferred stock, which is equivalent to an initial conversion price of $16.15 share. B. Riley & Co., LLC acted as the sole placement agent in the offering. An additional 1,333 shares of Series B stock were authorized by the Company and are being offered by the placement agent for an aggregate gross offering size of $10.0 million. BofI intends to use the net proceeds from the offering to support the Bank's growth and for general working capital purposes, including to increase liquidity and provide additional regulatory capital to the Bank. Full Article
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