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BRIEF-Granite Point Mortgage Trust announces pricing of initial public offering
June 22, 2017 / 10:22 PM / 6 months ago

BRIEF-Granite Point Mortgage Trust announces pricing of initial public offering

June 22 (Reuters) - Granite Point Mortgage Trust Inc -

* Granite Point Mortgage Trust Inc announces pricing of initial public offering

* Says initial public offering of 10.0 million common shares priced at $19.50per share

* Granite Point Mortgage Trust - will acquire from two harbors investment an about $1.8 billion portfolio of commercial real estate loans, debt investments

* Granite Point Mortgage Trust Inc - $1.8 billion portfolio acquisition from two harbors investment in exchange for equity interests in granite point

* Granite Point Mortgage Trust - to receive net proceeds of about $181.3 million after deducting underwriting discounts, commissions, offering expenses

* Granite Point Mortgage Trust - intends to use offering’s net proceeds to acquire additional senior floating rate commercial mortgage loans Source text for Eikon: Further company coverage:

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