CYS Investments, Inc. Board of Directors Declares First Quarter 2014 Common Stock Dividend of $0.32 Per Share, & Preferred St...
March 10 2014 - 3:01PM
Business Wire
The Board of Directors of CYS Investments, Inc. (NYSE: CYS) (the
"Company") today declared a quarterly dividend of $0.32 per share
of common stock for the first quarter of 2014. The common stock
dividend will be paid on April 17, 2014 to common stock
stockholders of record on March 25, 2014.
In accordance with the terms of the 7.75% Series A Cumulative
Redeemable Preferred Stock (“Series A Preferred Stock”) of the
Company, the Board of Directors of the Company has declared a
Series A Preferred Stock cash dividend of $0.484375 per share of
Series A Preferred Stock for the quarterly period that began on
January 15, 2014, and ends on April 14, 2014. This dividend is
payable on April 15, 2014 to Series A Preferred Stock stockholders
of record as of April 1, 2014.
In accordance with the terms of the 7.50% Series B Cumulative
Redeemable Preferred Stock (“Series B Preferred Stock”) of the
Company, the Board of Directors of the Company has declared a
Series B Preferred Stock cash dividend of $0.46875 per share of
Series B Preferred Stock for the quarterly period that began on
January 15, 2014, and ends on April 14, 2014. This dividend is
payable on April 15, 2014 to Series B Preferred Stock stockholders
of record as of April 1, 2014.
About CYS Investments, Inc.
CYS Investments, Inc. is a specialty finance company that
primarily invests on a leveraged basis in residential mortgage
pass-through certificates for which the principal and interest
payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.
The Company refers to these securities as Agency RMBS. The Company
has elected to be taxed as a real estate investment trust for
federal income tax purposes.
Forward-Looking Statements Disclaimer
This press release contains statements that are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements relate to the payment of the dividends.
Forward-looking statements are based on our beliefs, assumptions
and expectations of our future performance, taking into account all
information currently available to us. These beliefs, assumptions
and expectations are subject to risks and uncertainties and can
change as a result of many possible events or factors, not all of
which are known to us, including those described in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2013,
which has been filed with the Securities and Exchange Commission.
If a change occurs, these forward-looking statements may vary
materially from those expressed in this release. All
forward-looking statements speak only as of the date on which they
are made. Except as required by law, we are not obligated to, and
do not intend to, update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Please visit the Company's website at http://www.cysinv.com.
CYS Investments, Inc.Richard E. Cleary, 617-639-0440Chief
Operating Officer
Cys Investments, Inc. (NYSE:CYS)
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