Commenced an underwritten public offering of 40 million shares of common stock priced at $5 per share. Underwriters were also granted a 30-day option to purchase up to 6 million additional shares at the same price. Proceeds will be used to redeem outstanding preferred stock. Citigroup, BMO Capital Markets, Mizuho Securities and Wells Fargo Securities are joint book-running managers. Citigroup representative of the underwriters. Fifth Third Securities, Regions Securities LLC, KeyBanc Capital Markets, Barclays, Capital One Securities, Natixis, Citizens Capital Markets, CIT Capital Securities, Credit Agricole CIB, Goldman Sachs & Co. LLC, Huntington Capital Markets, Johnson Rice & Co. LLC, Societe Generale, Tuohy Brothers, U.S. Capital Advisors and Hancock Whitney Investment Services Inc. are co-managers.