|
Maryland
(State or other jurisdiction of incorporation or organization) |
| |
47-1271842
(I.R.S. Employer Identification No.) |
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| Large accelerated filer ☐ | | | Accelerated filer ☒ | | | Non-accelerated filer ☐ | | |
Smaller reporting company ☐
Emerging growth company ☐ |
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CALCULATION OF REGISTRATION FEE
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Title of each class of Securities to be registered
|
| | |
Amount to be
registered |
| | |
Proposed maximum
offering price per share(2) |
| | |
Proposed maximum
aggregate offering price(2) |
| | |
Amount of
registration fee |
| ||||||||||||
Common stock, par value $0.01 per share(1)
|
| | | | | 6,500,000 | | | | | | $ | 9.02 | | | | | | $ | 58,630,000 | | | | | | $ | 7,610.17 | | |
7.25% Series A Fixed-to-Floating Rate Preferred Stock, liquidation preference $25.00 per share
|
| | | | | 2,307,400 | | | | | | $ | 25.00 | | | | | | $ | 57,685,000 | | | | | | $ | 7,487.51 | | |
5.00% Series B Fixed-to-Floating Rate Preferred Stock, liquidation preference $25.00 per share
|
| | | | | 2,892,600 | | | | | | $ | 25.00 | | | | | | $ | 72,315,000 | | | | | | $ | 9,386.49 | | |
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Shares of Common Stock
Beneficially Owned Prior to the Offering(1)(2) |
| |
Shares of
Common Stock Offered Hereby(4) |
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Shares of Common Stock
Beneficially Owned After Completion of the Offering(5) |
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Name of Selling Stockholder
|
| |
Number
|
| |
Percent(3)
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| |
Number
|
| |
Number
|
| |
Percent(6)
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Bay Pond Partners, L.P.
|
| | | | 1,849,826 | | | | | | 8.07% | | | | | | 250,000 | | | | | | 1,849,826 | | | | | | 6.29% | | |
Flexpoint Special Assets Fund, L.P.(7)
|
| | | | 1,027,136 | | | | | | 4.48% | | | | | | 500,000 | | | | | | 1,027,136 | | | | | | 3.49% | | |
Ithan Creek Master Investors
(Cayman) L.P. |
| | | | 1,289,651 | | | | | | 5.62% | | | | | | 175,000 | | | | | | 1,289,651 | | | | | | 4.38% | | |
Purpose Credit Alternative Fund – F LLC.
|
| | | | 0 | | | | | | 0% | | | | | | 312,500 | | | | | | — | | | | | | — | | |
Purpose Credit Alternative Fund – T LLC
|
| | | | 0 | | | | | | 0% | | | | | | 156,250 | | | | | | — | | | | | | — | | |
Magnetar Constellation Fund V LLC
|
| | | | 0 | | | | | | 0% | | | | | | 195,500 | | | | | | — | | | | | | — | | |
Magnetar Constellation Fund V Ltd.
|
| | | | 0 | | | | | | 0% | | | | | | 284,500 | | | | | | — | | | | | | — | | |
Magnetar Constellation Master Fund, Ltd.
|
| | | | 0 | | | | | | 0% | | | | | | 531,250 | | | | | | — | | | | | | — | | |
Magnetar Longhorn Fund LP
|
| | | | 0 | | | | | | 0% | | | | | | 409,500 | | | | | | — | | | | | | — | | |
Magnetar SC Fund Ltd.
|
| | | | 0 | | | | | | 0% | | | | | | 1,300,000 | | | | | | — | | | | | | — | | |
Magnetar Structured Credit Fund, LP
|
| | | | 0 | | | | | | 0% | | | | | | 885,500 | | | | | | — | | | | | | — | | |
Magnetar Xing He Master Fund Ltd.
|
| | | | 0 | | | | | | 0% | | | | | | 1,500,000 | | | | | | — | | | | | | — | | |
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Shares of Series A Preferred Stock
Beneficially Owned Prior to the Offering |
| |
Shares of
Preferred Stock Offered Hereby |
| |
Shares of Series A Preferred Stock
Beneficially Owned After Completion of the Offering(2) |
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Name of Selling Stockholder
|
| |
Number
|
| |
Percent(1)
|
| |
Number
|
| |
Number
|
| |
Percent(1)
|
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Bay Pond Partners, L.P.
|
| | | | 200,000 | | | | | | 8.67% | | | | | | 200,000 | | | | | | — | | | | | | — | | |
Flexpoint Special Assets Fund,
L.P.(3) |
| | | | 400,000 | | | | | | 17.34% | | | | | | 400,000 | | | | | | — | | | | | | — | | |
Ithan Creek Master Investors (Cayman) L.P.
|
| | | | 140,000 | | | | | | 6.07% | | | | | | 140,000 | | | | | | — | | | | | | — | | |
Purpose Credit Alternative Fund – F LLC.
|
| | | | 250,000 | | | | | | 10.83% | | | | | | 250,000 | | | | | | — | | | | | | — | | |
Purpose Credit Alternative Fund – T LLC
|
| | | | 125,000 | | | | | | 5.42% | | | | | | 125,000 | | | | | | — | | | | | | — | | |
Magnetar Constellation Fund V LLC
|
| | | | 156,400 | | | | | | 6.78% | | | | | | 156,400 | | | | | | — | | | | | | — | | |
Magnetar Longhorn
Fund LP |
| | | | 327,600 | | | | | | 14.20% | | | | | | 327,600 | | | | | | — | | | | | | — | | |
Magnetar Structured Credit Fund, LP
|
| | | | 708,400 | | | | | | 30.70% | | | | | | 708,400 | | | | | | — | | | | | | — | | |
| | |
Shares of Series B Preferred Stock
Beneficially Owned Prior to the Offering |
| |
Shares of
Preferred Stock Offered Hereby |
| |
Shares of Series B Preferred Stock
Beneficially Owned After Completion of the Offering(2) |
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Name of Selling Stockholder
|
| |
Number
|
| |
Percent(1)
|
| |
Number
|
| |
Number
|
| |
Percent(1)
|
| |||||||||||||||
Magnetar Constellation Fund V Ltd.
|
| | | | 227,600 | | | | | | 7.87% | | | | | | 227,600 | | | | | | — | | | | | | — | | |
Magnetar Constellation Master
Fund, Ltd. |
| | | | 425,000 | | | | | | 14.69% | | | | | | 425,000 | | | | | | — | | | | | | — | | |
Magnetar SC Fund Ltd.
|
| | | | 1,040,000 | | | | | | 35.95% | | | | | | 1,040,000 | | | | | | — | | | | | | — | | |
Magnetar Xing He Master Fund Ltd.
|
| | | | 1,200,000 | | | | | | 41.49% | | | | | | 1,200,000 | | | | | | — | | | | | | — | | |
| | |
Amount to
be paid |
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SEC registration fee
|
| | | $ | 24,484.17 | | |
Printing expenses
|
| | | | 5,000* | | |
Legal fees and expenses
|
| | | | 50,000* | | |
Accounting fees and expenses
|
| | | | 15,000* | | |
Miscellaneous | | | | | — | | |
Total
|
| | | $ | 94,484.17 | | |
| | | | By: | | |
/s/ Lawrence Mendelsohn
Lawrence Mendelsohn
Chairman and Chief Executive Officer |
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|
Name
|
| |
Capacity
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| |
Date
|
|
|
/s/ Lawrence Mendelsohn
Lawrence Mendelsohn
|
| | Chairman and Chief Executive Officer (principal executive officer) | | |
June 15, 2020
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/s/ Mary Doyle
Mary Doyle
|
| | Chief Financial Officer (principal financial officer and principal accounting officer) | | |
June 15, 2020
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/s/ Russell Schaub
Russell Schaub
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| | President and Director | | |
June 15, 2020
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/s/ Steven L. Begleiter
Steven L. Begleiter
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| | Director | | |
June 15, 2020
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/s/ John C. Condas
John C. Condas
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| | Director | | |
June 15, 2020
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/s/ Paul Friedman
Paul Friedman
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| | Director | | |
June 15, 2020
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/s/ Jonathan Bradford Handley, Jr.
Jonathan Bradford Handley, Jr.
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| | Director | | |
June 15, 2020
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/s/ J. Kirk Ogren, Jr.
J. Kirk Ogren, Jr.
|
| | Director | | |
June 15, 2020
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