Hatteras Financial Corp. Declares Second Quarter 2008 Dividend of $0.75 per Share

June 19, 2008 5:00 PM EDT

WINSTON SALEM, N.C.--(BUSINESS WIRE)--

The Board of Directors of Hatteras Financial Corp. (NYSE: HTS) ("Hatteras" or "the Company") today declared a quarterly dividend of $0.75 per common share for the second quarter of 2008. The dividend will be paid on July 25, 2008, to stockholders of record on June 30, 2008, with an ex-dividend date of June 26, 2008.

"We are very pleased with this quarter's dividend, especially considering we were not fully invested during the period. We raised $256 million of capital at the end of April, in addition to the $316 million of capital we raised in our private offerings," said Michael R. Hough, CEO. "The IPO proceeds have been methodically deployed throughout the second quarter, and we remain on schedule to be invested at our target leverage ratio by the beginning of the third quarter. Our patient approach has allowed us the opportunity to selectively invest, and we are very pleased with the portfolio we have constructed during the past eight months."

The dividend follows the Company's initial public offering of 10 million shares of common stock on April 30, 2008. The net proceeds of the offering were approximately $256 million, including proceeds from the over-allotment of 1.5 million additional shares, which was completed on May 2, 2008.

About Hatteras Financial Corp.

Hatteras Financial is a real estate investment trust formed in 2007 to invest exclusively in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities guaranteed by U.S Government sponsored agencies, such as Fannie Mae, Freddie Mac or Ginnie Mae. Based in Winston-Salem, NC, Hatteras is managed and advised by Atlantic Capital Advisors LLC. For more information, please visit the Company's Web site, at www.hatfin.com.

Hatteras Financial Corp is to become a component of the Russell 3000(R) Index, representing the broader market, beginning June 27, 2008.

Forward-Looking Statements

This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control and which could materially affect actual results, performances or achievements. Factors that may cause actual results to differ materially from current expectations include the risk factors discussed in the Company's Registration Statement on Form S-11, as amended, filed with the Securities and Exchange Commission on February 20, 2008. Accordingly, there is no assurance that the Company's expectations will be realized. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Source: Hatteras Financial Corp.

Related Categories

Press Releases

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?