Key Developments: CYS Investments Inc (CYS)
11.41USD
24 May 2013
$-0.08 (-0.70%)
$11.49
$11.43
$11.47
$11.35
678,886
2,627,071
$15.03
$11.19
Latest Key Developments (Source: Significant Developments)
CYS Investments Inc Announces Pricing Of Public Offering Of Series B Cumulative Redeemable Preferred Stock
CYS Investments Inc announced that it priced an underwritten public offering of 8,000,000 shares of its 7.50% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of $200 million, before deducting underwriting discounts and estimated offering expenses. The Company has granted the underwriters an option for 30 days to purchase up to an additional 1,200,000 shares of the Series B Preferred Stock to cover over-allotments. The offering is subject to customary closing conditions and is expected to close on April 30, 2013. The Company intends to use the net proceeds of the offering to invest in Agency RMBS and for general corporate purposes. Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and UBS Securities LLC are acting as joint book-running managers for the offering. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint lead managers. Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as co-managers. Mitsubishi UFJ Securities (USA), Inc. is acting as junior co-manager. Full Article
CYS Investments Inc Announces Public Offering of Series B Cumulative Redeemable Preferred Stock
CYS Investments Inc announced that it plans to make a public offering of shares of its Series B Cumulative Redeemable Preferred Stock (the Series B Preferred Stock). The Company intends to apply to list the Series B Preferred Stock on the New York Stock Exchange under the symbol CYS PrB. Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and UBS Securities LLC are acting as joint book-running managers for the offering. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint lead managers. Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as co-managers. Mitsubishi UFJ Securities (USA), Inc. is acting as junior co-manager. The Company intends to use the net proceeds of the offering to invest in Agency RMBS and for general corporate purposes. Full Article
CYS Investments Inc Declares First Quarter 2013 Common Stock Dividend of $0.32 Per Share, And Preferred Stock Dividend
CYS Investments Inc announced that it has declared a quarterly dividend of $0.32 per share of common stock for the first quarter of 2013. The common stock dividend will be paid on April 17, 2013 to common stock stockholders of record on March 25, 2013. In accordance with the terms of the 7.75% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of the Company, the Board of Directors of the Company has declared a Series A Preferred Stock cash dividend of $0.484375 per share of Series A Preferred Stock for the quarterly period that began on January 15, 2013, and ends on April 14, 2013. This dividend is payable on April 15, 2013 to Series A Preferred Stock stockholders of record as of April 1, 2013. Full Article
CYS Investments Inc Declares Fourth Quarter 2012 Common Stock Dividend Of $0.40 Per Share, Special Dividend Of $0.52 Per Share, And Preferred Stock Dividend
CYS Investments Inc announced that it has declared a quarterly dividend of $0.40 per share of common stock for the fourth quarter of 2012, as well as a special dividend of $0.52 per share of common stock. The Company is making the special dividend to distribute the remaining REIT taxable income earned during 2012. These dividends will be paid on December 28, 2012 to common stock stockholders of record on December 21, 2012. In accordance with the terms of the 7.75% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") of the Company, the Board of Directors of the Company has declared a Series A Preferred Stock cash dividend of $0.484375 per share of Series A Preferred Stock for the quarterly period that began on October 15, 2012, and ends on January 14, 2013. This dividend is payable on January 15, 2013 to Series A Preferred Stock stockholders of record as of January 1, 2013. Full Article
CYS Investments Inc Announces $250 Million Stock Repurchase Program
CYS Investments Inc announced that its Board of Directors has authorized the repurchase of shares of the Company`s common stock having an aggregate value of up to $250 million. Full Article
CYS Investments Inc Declares Third Quarter 2012 Common Stock Dividend of $0.45 Per Share And Preferred Stock Dividend
CYS Investments Inc announced that it has declared a quarterly dividend of $0.45 per share of common stock for the third quarter of 2012. The dividend will be paid on October 17, 2012 to common stock stockholders of record on September 26, 2012. In accordance with the terms of the 7.75% Series A Cumulative Redeemable Preferred Stock (Series A Preferred Stock) of the Company, the Board of Directors of the Company has declared a Series A Preferred Stock cash dividend of $0.3875 per share of Series A Preferred Stock for the partial quarterly period that began on August 3, 2012, which is the initial issuance date of the Series A Preferred Stock, and ends on October 14, 2012. This dividend is payable on October 15, 2012 to Series A Preferred Stock stockholders of record as of October 1, 2012. Full Article
CYS Investments Inc Announces Pricing Of Public Offering Of Series A Cumulative Redeemable Preferred Stock
CYS Investments Inc announced that it priced an underwritten public offering of 3,000,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Stock (the Series A Preferred Stock), liquidation preference $25.00 per share, for gross proceeds of $75 million, before deducting underwriting discounts and estimated offering expenses. The Company has granted the underwriters an option for 30 days to purchase up to an additional 450,000 shares of the Series A Preferred Stock to cover over-allotments. The offering is subject to customary closing conditions and is expected to close on August 3, 2012. The Company intends to use the net proceeds of the offering to invest in Agency RMBS and for general corporate purposes. 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, Stifel Nicolaus & Company Incorporated, Barclays Capital Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as co-managers. Full Article
CYS Investments Inc Announces Public Offering of Series A Cumulative Redeemable Preferred Stock
CYS Investments Inc 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. Full Article
CYS Investments Inc Announces Closing Of Common Stock Offering
CYS Investments Inc announced that it closed a public offering of 46,000,000 shares of its common stock, including 6,000,000 shares pursuant to an option that was fully exercised by the underwriters, at a public offering price of $13.70 per share, for total net proceeds of approximately $622,180,000, after deduction of underwriting discounts and commissions and estimated expenses. The Company intends to invest the net proceeds of the offering in Agency RMBS and for general corporate purposes. Barclays Capital Inc., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., and UBS Securities LLC are the joint bookrunners for the offering. Full Article
CYS Investments Inc Announces Pricing of Public Offering of Common Stock
CYS Investments Inc announced that it priced an underwritten public offering of 40,000,000 shares of its common stock at a price to the public of $13.70 per share. The Company has granted the underwriters an option for 30 days to purchase up to an additional 6,000,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on July 16, 2012. The Company intends to use the net proceeds of the offering to invest in Agency RMBS and for general corporate purposes. Barclays Capital Inc., BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., and UBS Securities LLC are the joint bookrunners for the offering. Full Article
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