Key Developments: Colony Financial Inc (CLNY.N)
23.35USD
17 May 2013
$0.04 (+0.17%)
$23.31
$23.48
$23.48
$23.20
204,082
204,513
$23.73
$16.16
Latest Key Developments (Source: Significant Developments)
Colony Financial Inc Announces Pricing Of Convertible Senior Notes
Colony Financial Inc announced the pricing of public offering of $175,000,000 aggregate principal amount of 5.00% Convertible Senior Notes due 2023 for total gross proceeds of $175 million. The Company has granted to the underwriters a 30-day option to purchase up to an additional $25,000,000 aggregate principal amount of the Notes to cover over-allotments, if any. The Notes will bear interest at a rate equal to 5.00% per year, payable semiannually in arrears on April 15 and October 15 of each year, beginning on October 15, 2013. The conversion rate will initially equal 42.3819 shares of common stock per $1,000 principal amount of Notes, which is equivalent to a conversion price of approximately $23.60 per share of common stock, representing a 10% conversion premium based on the closing price of the Company's common stock of $21.45 per share on April 4, 2013. The initial conversion rate is subject to adjustment upon the occurrence of certain events, but will not be adjusted for any accrued and unpaid interest. The Notes will mature on April 15, 2023. The offering is expected to close on or about April 10, 2013. The Company intends to use the net proceeds from the offering to acquire target assets in a manner consistent with investment strategies and investment guidelines and for working capital and general corporate purposes. Goldman, Sachs & Co., BofA Merrill Lynch, Credit Suisse and J.P. Morgan are acting as the joint book-running managers for this offering. Full Article
Colony Financial Inc Announces Public Offering Of Convertible Senior Notes
Colony Financial Inc announced its plans to commence a public offering of $150,000,000 aggregate principal amount of Convertible Senior Notes due 2023. The Company also plans to grant to the underwriters a 30-day option to purchase up to an additional $22,500,000 aggregate principal amount of the Notes to cover over-allotments, if any. The interest rate, conversion rate and other terms of the Notes will be determined at the time of pricing of the offering. The Company intends to use the net proceeds from the offering to acquire its target assets in a manner consistent with its investment strategies and investment guidelines and for working capital and general corporate purposes. Goldman, Sachs & Co., BofA Merrill Lynch, Credit Suisse and J.P. Morgan will act as the joint book-running managers for this offering. Full Article
Colony Financial Inc Announces First Quarter 2013 Dividends On Shares Of Common And Preferred Stock
Colony Financial Inc announced that Board of Directors has declared a quarterly dividend of $0.35 per common share for the first quarter of 2013. The dividend will be paid on April 15, 2013, to stockholders of record on March 28, 2013. The Company`s Board of Directors has declared a cash dividend of $0.53125 per share on the Company`s 8.50% Series A Cumulative Perpetual Preferred Stock with a liquidation preference of $25 per share for the quarterly period ending April 15, 2013. The dividend will be paid on April 15, 2013, to stockholders of record on March 28, 2013. Full Article
Colony Financial Inc Prices Public Offering Of Common Stock
Colony Financial Inc announced that it has priced a public offering of 10,000,000 shares of common stock. The Company also granted to the underwriters an option to purchase up to an additional 1,500,000 shares. The offering is subject to customary closing conditions and is expected to close on or about January 16, 2013. On January 10, 2013, the last reported sales price of the Company`s common stock on the New York Stock Exchange under the symbol CLNY was $20.95 per share. The Company intends to use at least $45.0 million of the net proceeds from the offering to make an additional investment in CSFR Operating Partnership, L.P. an investment vehicle created for the purpose of investing in single-family rental homes in which the Company has an associate general partner interest. Operations are managed by Colony American Homes, LLC, an affiliate of Colony Financial Manager, LLC. The Company intends to use any additional net proceeds to acquire assets in a manner consistent with its investment strategies and investment guidelines, for working capital and general corporate purposes. Morgan Stanley and BofA Merrill Lynch are acting as joint book-running managers for this offering. The underwriters may offer the shares at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise. Full Article
Colony Financial Inc Announces Public Offering Of Common Stock
Colony Financial Inc announced it plans to commence a public offering of 5,000,000 shares of common stock. The Company also plans to grant to the underwriters an option to purchase up to an additional 750,000 shares. The Company intends to use at least $45.0 million of the net proceeds from the offering to make an additional investment in CSFR Operating Partnership, L.P. (CSFR OP), an investment vehicle created for the purpose of investing in single-family rental homes in which the Company has an associate general partner interest. Operations are managed by Colony American Homes, LLC, an affiliate of Colony Financial Manager, LLC. The Company expects CSFR OP to use the proceeds contributed to it for the purpose of investing in additional single-family homes. The Company intends to use any additional net proceeds to acquire assets in a manner consistent with its investment strategies and investment guidelines, for working capital and general corporate purposes. Morgan Stanley and BofA Merrill Lynch will act as joint book-running managers for this offering. The underwriters may offer the shares at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise. Full Article
Colony Financial Inc Declares 2012 Special Dividend And Updates Record Date For Previously Announced Fourth Quarter Common Stock Dividend
Colony Financial Inc announced that the Board of Directors of Colony Financial, Inc. (CLNY) (Company) has declared a special dividend for 2012 of $0.05 per common share that results from a distribution of the balance of the Company`s estimated taxable income for 2012. The special dividend will be paid on January 15, 2013 to stockholders of record on December 27, 2012. In addition, the Company also announced that the record date of its previously announced quarterly dividend of $0.35 per common share for the fourth quarter of 2012 has been changed to December 27, 2012. However, the record date of December 31, 2012 remains unchanged for the fourth quarter dividend payable on January 15, 2013 for the Company's 8.50% Series A Cumulative Perpetual Preferred Stock with liquidation preference of $25 per share. Full Article
Colony Financial Inc Announces Public Offering Of Common Stock
Colony Financial Inc announced that plans to commence a public offering of 10,000,000 shares of common stock. The Company also plans to grant to the underwriters an option to purchase up to an additional 1,500,000 shares. The Company intends to use at least $150 million of the net proceeds from the offering to make an additional investment in CSFR Operating Partnership, L.P. ("CSFR OP"), an investment vehicle created for the purpose of investing in single-family rental homes in which the Company has an associate general partner interest. Operations are managed by Colony American Homes, LLC, an affiliate of Colony Financial Manager, LLC. The Company expects CSFR OP to use the proceeds contributed to it for the purpose of investing in additional single-family homes. The Company intends to use any additional net proceeds to acquire assets in a manner consistent with its investment strategies and investment guidelines, for working capital and general corporate purposes. Morgan Stanley and BofA Merrill Lynch will act as joint book-running managers for the offering, and FBR will act as lead manager for this offering. The underwriters may offer the shares at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise. Full Article
Colony Financial Inc Announces Fourth Quarter 2012 Dividends On Shares Of Common and Preferred Stock
Colony Financial Inc's Board of Directors has declared a quarterly dividend of $0.35 per common share for the fourth quarter of 2012. The dividend will be paid on January 15, 2013, to stockholders of record on December 31, 2012. 8.50% Series A Cumulative Perpetual Preferred Stock . The Company's Board of Directors declared a cash dividend of $0.53125 per share on the Company's 8.50% Series A Cumulative Perpetual Preferred Stock with liquidation preference of $25 per share for the quarterly period ending January 15, 2013. The dividend will be paid on January 15, 2013, to stockholders of record on December 31, 2012. Full Article
Colony Financial Inc Declares Quarterly Dividend
Colony Financial Inc announces that the board of directors has declared a quarterly dividend of $0.35 per common share for the third quarter of 2012. The dividend was paid on October 15, 2012, to stockholders of record on September 28, 2012. The Company also declared a cash dividend of $0.53125 per share on the Company's 8.50% Series A Cumulative Perpetual Preferred Stock with liquidation preference of $25 per share for the third quarter of 2012. The dividend was paid on October 15, 2012, to stockholders of record on September 28, 2012. Full Article
Colony Financial Inc Announces Third Quarter 2012 Dividends
Colony Financial Inc announced that board of directors has declared a quarterly dividend of $0.35 per common share for the third quarter of 2012. The dividend will be paid on October 15, 2012, to stockholders of record on September 28, 2012. Full Article
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