| IPO Company Profile | |||
| Realtrust Asset Corporation | |||
| Proposed Ticker: | RTA | 2855 East Cottonwood Parkway, Suite 500 | |
| Exchange: | American Stock Exchange | Salt Lake City, UT 84121 | |
| Industry: | Financial (SIC Code 6798) | (801) 365-3000 | |
| Filing Information (This offering was withdrawn) | |||||
| Shares Offered: | Common Shares | Filing Date: | 3/25/98 | |
| U.S. Shares Filed: | 4,000,000 | Filing Range: | $14.00 - $16.00 | |
| Non-U.S. Shares Filed: | - | Offering Amount: | $60,000,000 | |
| Primary Shares: | 4,000,000 | Expenses: | $850,000 | |
| Secondary Shares: | - | Shares Out After: | 6,295,807 |
| Primary Underwriting Group | ||
| Manager | Tier | Phone |
| Stifel, Nicolaus & Company, Incorporated | Lead Manager | (314) 342-2130 |
| Everen Securities, Inc. | Co-manager | (312) 574-6859 |
| Legal Counsel, Auditor and Registrar | ||
| Issuer's Law Firm: | Jeffers, Wilson, Shaff & Falk, LLP | |
| Bank's Law Firm: | O'Melveny & Meyers | |
| Auditor: | KPMG Peat Marwick | |
| Registrar/Transfer Agent: | American Securities Transfer, Inc | |
| Selected Financial Data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/97 | 12/31/97 | ||||
| Revenue: | $10.03 | Assets: | $58.87 | ||
| Net Income: | -$1.77 | Curr Assets: | |||
| EPS: | Liabilities: | ||||
| Prior EPS: | Curr Liab: | $1.46 | |||
| Cash Flow/Oper: | $0.09 | Equity: | |||
| Cash Flow/Fin: | $0.98 | Cash: | $0.71 | ||
| Cash Flow/Inv: | -$0.63 | ||||
| (Dollar amounts in U.S. millions except for per share data) | |||||
| Business Description |
| The company is a real estate investment trust, (REIT). The company is a specialty finance company engaged in the business of originating, purchasing, selling and servicing mortgage loans secured primarily by first mortgage on single family loans. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to fund the company's origination of and investment in primarily subprime mortgage loans, to repay amounts borrowed under the working capital finance facility with ContiFinancial Corporation, to repay other indebtedness and redemption of preferred stock. |
| Additional Underwriter Compensation | |||
| Warrant to purchase 150,000 shares/units at a nominal price. | |||
| Warrant Information | ||||
| # of Units: | 5,000,000 | |||
| Unit Ticker: | RTAU | Unit Price: | ||
| Warrant Ticker: | RTAW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No | |||
| Unit Composition: 1 Common Share + 1 Warrant |
| Warrant Entitlement: 1 Common Share |
Jackson Heights, NY 11372 212-332-0071[email protected]
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