Capabilities

Various public equity financings

Five Oaks Investment Corp.

Our attorneys advised real estate investment trust Five Oaks Investment Corp (FOIC) (NYSE: OAKS) in a $75 million at-the-market (ATM) facility launched on May 30th with Mitsubishi UFJ Securities (USA) Inc, BTIG LLC and Keefe, Bruyette & Woods Inc. Proceeds of this open market stock sale will be used to acquire target assets, including non-Agency RMBS , multi-family MBS and legacy Agency RMBS.

This is only the most recent transaction on which we have assisted FOIC and follows a $750 million shelf registration statement (declared effective on May 8th), public offerings of $40 million Series A Preferred Stock (in December/ January and in May), and a $35 million public offering of common stock (in February).

The Firm assisted with the formation of FOIC, and its SEC-registered external manager, Oak Circle Capital Partners LLC, in March 2012; advised FOIC on its $25 million pre-IPO financing from XL Global plc (NYSE: XL); and acted as counsel for FOIC in its May 2013 IPO led by Barclays and Credit Suisse.

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