Granite Point Mortgage Trust Inc. Conversion Rate Adjustment for Its Convertible Senior Notes Due 2022
December 28 2018 - 4:15PM
Business Wire
Granite Point Mortgage Trust Inc. (NYSE: GPMT) today
announced an adjustment to the conversion rate for the company’s
5.625% convertible senior notes due 2022 (the “Notes”). This
conversion rate adjustment is being made pursuant to the
supplemental indenture governing the Notes as a result of the
company’s previously announced fourth quarter 2018 common stock
cash dividend of $0.42 per common share. Effective immediately
after the close of business on December 31, 2018, the new
conversion rate for the Notes will be 50.2717 shares of common
stock per $1,000 principal amount of the Notes. Currently, the
conversion rate for the Notes is 50.1610 shares of common stock per
$1,000 principal amount of the Notes. Notice of the conversion rate
adjustment was delivered to holders of the Notes and Wells Fargo
Bank, N.A., as trustee, in accordance with the terms of the
supplemental indenture governing the Notes.
About Granite Point Mortgage Trust Inc.Granite Point
Mortgage Trust Inc. is a Maryland corporation focused on directly
originating, investing in and managing senior floating rate
commercial mortgage loans and other debt and debt-like commercial
real estate investments. Granite Point is headquartered in New
York, NY, and is externally managed by Pine River Capital
Management L.P. Additional information is available at www.gpmortgagetrust.com.
Additional InformationStockholders of Granite Point and
other interested persons may find additional information regarding
the company at the Securities and Exchange Commission’s Internet
site at www.sec.gov or by directing requests to: Granite Point
Mortgage Trust Inc., 590 Madison Avenue, 38th floor, New York, NY
10022, telephone (212) 364-3200
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181228005199/en/
Investors: Marcin Urbaszek, Chief Financial Officer, Granite
Point Mortgage Trust Inc., (212) 364-3200,
investors@gpmortgagetrust.com
Granite Point Mortgage (NYSE:GPMT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Granite Point Mortgage (NYSE:GPMT)
Historical Stock Chart
From Sep 2023 to Sep 2024