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Hatteras Financial Corp. Announces Launch of Common Stock Offering

^{Published on 2008-12-08 14:31:58 - Market Wire}
 

WINSTON SALEM, N.C.--([ BUSINESS WIRE ])--Hatteras Financial Corp. (NYSE:[ HTS ]) ("Hatteras" or the "Company") today announced that it plans to sell 6,000,000 shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters an option to purchase up to an additional 900,000 shares of common stock to cover over-allotments, if any. Keefe, Bruyette & Woods, Inc. and Banc of America Securities LLC will serve as joint book running managers, and JMP Securities LLC, RBC Capital Markets Corporation and Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC are acting as co-managers.

The Company intends to use the net proceeds of the offering to acquire agency securities that are three-year, five-year and seven-year hybrid ARMs. The Company expects to borrow against the agency securities through repurchase agreements and use the proceeds of the borrowings to acquire additional agency securities.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock or any other securities, nor will there be any sale of the shares of common stock or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the preliminary prospectus and final prospectus, when available, may be obtained from Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, NY 10019 or Banc of America Securities LLC, Capital Markets (Prospectus Fulfillment) by email to [ dg.prospectus_distribution@bofasecurities.com ] or by mail to Banc of America Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd Floor, New York, NY 10001.

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 issued or guaranteed by U.S. Government-sponsored entities or U.S. Government agencies, such as Fannie Mae, Freddie Mac or Ginnie Mae. Based in Winston-Salem, N.C., Hatteras is managed and advised by Atlantic Capital Advisors LLC. Hatteras is a component of the Russell 2000^® and the Russell 3000^® indices.

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 November 21, 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.