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Hatteras Financial Corp. Announces Pricing of Common Stock Offering

^{Published on 2011-01-05 11:40:27 - Market Wire}
 

WINSTON-SALEM, N.C.--([ BUSINESS WIRE ])--Hatteras Financial Corp. (NYSE:[ HTS ]) (aHatterasa or the aCompanya) today announced that it priced a public offering of 10,000,000 shares of its common stock at a price to the public of $28.75 per share for expected gross proceeds of approximately $287,500,000before expenses. The Company granted the underwriters of the offering an option to purchase up to an additional 1,500,000 shares of common stock to cover overallotments, if any. The offering is expected to close on January 10, 2011.

BofA Merrill Lynch and Keefe, Bruyette & Woods are acting as joint book-running managers for the offering.

A registration statement relating to the shares became effective upon filing with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the offered shares or any other securities, nor will there be any sale of such shares or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.

Copies of the final prospectus supplement (when available) and the related base prospectus may be obtained from (a) BofA Merrill Lynch, at 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or by email to [ dg.prospectus_requests@baml.com ], (b) Keefe, Bruyette & Woods, at 787 Seventh Avenue, 4th Floor, New York, NY 10019, or by calling (800) 966-1559, or (c) the Internet site of the Securities and Exchange Commission at [ www.sec.gov ].

About Hatteras Financial Corp.

Hatteras is a real estate investment trust formed in 2007 to invest in single-family residential mortgage pass-through securities guaranteed or issued by U.S. Government agencies or U.S. Government-sponsored entities, 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 Section27A of the Securities Act of 1933, as amended, and Section21E 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," awill,a "expect," "intend," "anticipate," "estimate" 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 Companya™s Annual Report on Form 10-K for the year ended December 31, 2009. 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 Companya™s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.