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Five Oaks Investment Corp. Announces Pricing Of Initial Public Offering

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^{Published in Business and Finance on Thursday, March 21st 2013 at 15:30 GMT by Market Wire}  

Five Oaks Investment Corp. Announces Pricing Of Initial Public Offering -- NEW YORK, March 21, 2013 /PRNewswire/ --

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NEW YORK, March 21, 2013 /PRNewswire/ -- Five Oaks Investment Corp. (NYSE: [ OAKS ]) ("Five Oaks" or the "Company") announced today that it has priced its initial public offering of 4,033,333 shares of common stock at $15.00 per share.  The Company is also selling 1,666,667 shares of common stock at $15.00 per share in a concurrent private placement to an indirect wholly owned subsidiary of XL Group plc (NYSE: [ XL ]), for a total expected sale of 5,700,000 shares.

(Logo: [ http://photos.prnewswire.com/prnh/20130321/NY81726LOGO ] )

The expected sale would raise an aggregate of $85.5 million in gross proceeds, $60.5 million from the public offering and $25.0 million from the concurrent private placement.  These proceed amounts do not include any proceeds from a 30-day option granted by the Company to the underwriters to purchase up to an additional 604,999 shares of common stock.

Shares of Five Oaks' common stock are expected to begin trading Friday, March 22, 2013 on the New York Stock Exchange under the ticker symbol OAKS.  The offering and concurrent private placement are expected to close on March 27, 2013.

Barclays Capital Inc., Credit Suisse Securities (USA) LLC, UBS Securities LLC and Keefe, Bruyette & Woods, Inc. are serving as joint book-running managers. Ladenburg Thalmann & Co. Inc., Mitsubishi UFJ Securities (USA), Inc., Aegis Capital Corp. and National Securities Corporation are serving as co-managers.

A registration statement relating to the offered shares of common stock has been filed with the Securities and Exchange Commission ("SEC") and declared effective. The initial public offering is being made only by means of a preliminary prospectus. Copies of the preliminary prospectus for the proposed offering may be obtained by contacting:

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Ave.
Edgewood, NY 11717
Telephone: 888-603-5847
Email: [ barclaysprospectus@broadridge.com ]

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010
Telephone: 1-800-221-1037
Email: [ newyork.prospectus@credit-suisse.com ]

UBS Securities LLC
Attention: Prospectus Department
299 Park Avenue
New York, New York 10171
Telephone: 1-888-827-7275

Keefe, Bruyette & Woods, Inc.
Attn: Capital Markets
787 Seventh Avenue, 4th Floor
New York, NY 10019
Telephone: 1-800-966-1559

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these 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 state or jurisdiction.

About Five Oaks Investment Corp.

Five Oaks Investment Corp. is a recently organized Maryland corporation focused on investing in, financing and managing a leveraged portfolio of Agency and Non-Agency residential mortgage-backed securities, residential mortgage loans and other mortgage-related investments.

Safe Harbor

This press release contains statements that constitute "forward-looking statements," including with regard to the closing of the Company's offering and concurrent private placement.  No assurance can be given that the offering discussed above will be completed on the terms described, or at all.  Completion of the securities offering on the terms described is subject to numerous conditions, many of which are beyond the control of the Company, including, without limitation, those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC.  Copies are available on the SEC's website, [ www.sec.gov ].  The Company undertakes no obligation to update these statements for revisions or changes after the date of this release except as required by law.

SOURCE Five Oaks Investment Corp.