Arbor Realty Trust (ABR) Announces Proposed 8M Share Common Offering

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Go back to Arbor Realty Trust (ABR) Announces Proposed 8M Share Common Offering

Arbor Realty Trust, Inc. Announces Public Offering of Common Stock

May 15, 2019 4:10 PM EDT

UNIONDALE, N.Y., May 15, 2019 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the Company) (NYSE: ABR) announced today that it plans to make a public offering of 8,000,000 shares of its common stock.  In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of its common stock.

The Company intends to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes. The Company also intends to use a portion of the net proceeds... More