Arbor Realty Trust Entered Into An Equity Distribution Agreement With Arbor Realty Limited Partnership And Citizens JMP Securities As Sales Agent; Under Equity Distribution Deal, Co May Offer & Sell Up To 30M Shares Of Common Stock From Time To Time In At Market Offerings
Portfolio Pulse from Benzinga Newsdesk
Arbor Realty Trust has entered into an equity distribution agreement with Arbor Realty Limited Partnership and Citizens JMP Securities to potentially offer and sell up to 30 million shares of common stock in at-market offerings, according to an SEC filing.
May 03, 2024 | 10:43 pm
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Arbor Realty Trust's new equity distribution agreement could lead to the sale of up to 30 million shares, potentially affecting its stock price.
The announcement of a potential sale of up to 30 million shares could lead to dilution of existing shares, which typically puts downward pressure on the stock price in the short term. However, the actual impact will depend on investor perception, the timing of the sales, and the use of proceeds from the offering.
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