Galiot Capital Corporation has filed with the SEC for its 16,666,666 shares of common stock in an IPO at $15.00 per share. The company will trade on the New York Stock Exchange under the symbol ‘‘GTC’’.
The underwriting group is rather large. Deutsche Bank Securities, Credit Suisse, and Morgan Stanley are listed as the lead underwriters. Co-managers are listed as Banc of America, Keefe Bruyette & Woods, and BNP Paribas.
Galiot is a Maryland corporation will qualify as a REIT and will invest in residential mortgage-backed securities, the principal and interest on which are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The company is externally managed and advised by Fischer Francis Trees & Watts, Inc., an investment adviser registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Charter Atlantic Corporation, an indirect wholly-owned subsidiary of BNP Paribas.
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Jon C. Ogg
June 19, 2008
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