Silver Bay Realty Trust Corp. Announces Common Stock Distribution by Two Harbors Investment Corp.
NEW YORK--(BUSINESS WIRE)-- Silver Bay Realty Trust Corp. (NYS: SBY) , or "Silver Bay," a real estate investment trust that focuses on the acquisition, renovation, leasing and management of single-family properties, today announced the expected distribution by Two Harbors Investment Corp. (NYS: TWO) of all 17,824,647 of the shares of common stock of Silver Bay held by Two Harbors, by way of a special dividend from Two Harbors to its stockholders. Two Harbors announced today that the special dividend is expected to occur on or about April 24, 2013 to common stockholders of Two Harbors of record at the close of business on April 2, 2013. Two Harbors received the shares in exchange for a portfolio of single-family properties as part of the formation transactions that closed simultaneously with Silver Bay's initial public offering on December 19, 2012.
Silver Bay Realty Trust Corp.
Silver Bay Realty Trust Corp. is a Maryland corporation focused on the acquisition, renovation, leasing and management of single-family properties for rental income and long-term capital appreciation. Silver Bay owns single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio and Texas. Silver Bay intends to elect and qualify to be taxed as a REIT. Additional information can also be found on the company's website: www.silverbayrealtytrustcorp.com.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "target," "assume," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believe," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Factors that could cause actual results to differ include a failure by Two Harbors to distribute the shares as announced.
Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Silver Bay does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these and other risk factors is contained in Silver Bay's most recent filings with the Securities and Exchange Commission. All subsequent written and oral forward looking statements concerning Silver Bay or matters attributable to Silver Bay or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.
Stockholders of Silver Bay, and other interested persons, may find additional information regarding Silver Bay at the SEC's Internet site at www.sec.gov or by directing requests to: Silver Bay Realty Trust Corp., Attn: Investor Relations, 601 Carlson Parkway, Suite 250, Minnetonka, MN 55305, telephone (952) 358-4400.
Silver Bay Realty Trust Corp.
Anh Huynh, Director of Investor Relations, 952-358-4400
KEYWORDS: United States North America Maryland Minnesota New York
The article Silver Bay Realty Trust Corp. Announces Common Stock Distribution by Two Harbors Investment Corp. originally appeared on Fool.com.
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