NEW YORK, Jan. 6, 2015 /PRNewswire/ — Sutherland Asset Management Corporation (the “Company”) today announced that it has commenced an initial public offering of 8,064,500 shares of common stock of the Company, consisting of 6,048,375 shares being offered by the Company and 2,016,125 shares being offered by selling stockholders. The Company and the selling stockholders will grant the underwriters a 30-day option to purchase up to an additional 1,209,675 shares. The Company has set an initial public offering price range for the offering at between $15.00 and $16.00 per share, which takes into account a 0.97898-for-1 reverse split of its shares. The shares have been approved for listing on the New York Stock Exchange, subject to official notice of issuance, under the symbol “SLD.”

The proceeds from the sale of shares by the Company in the offering will be used to acquire and originate small-balance commercial loans, or SBC loans, and related assets in accordance with the Company’s business strategy and for general business purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders.

J.P. Morgan, Morgan Stanley, FBR, Citigroup and Keefe, Bruyette & Woods, a Stifel Company will act as joint book- running managers and JMP Securities and Ladenburg Thalmann will act as co-managers for the offering. The offering of these securities is being made only by means of a prospectus. Copies of the preliminary prospectus can be obtained from:

• J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; Telephone: 1-866-803-9204
• Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014
• FBR Capital Markets & Co., Attention: Syndicate Prospectus Department, 1300 17th Street North, Suite 1400, Arlington, Virginia 22209; Telephone: 1-703-312-9500; Email: prospectuses@fbr.com

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sutherland Asset Management Corporation

Sutherland Asset Management Corporation is a real estate finance company that acquires, originates, manages, services and finances primarily SBC loans. The Company is externally managed and advised by Waterfall Asset Management, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes, commencing with its taxable year ended December 31, 2013.

Media Contact:
Kenneth Nick
212-257-4606
knick@waterfallam.com

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SOURCE Sutherland Asset Management Corporation