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REIT Cypress Sharpridge Investments files for IPO

April 20, 2007
CYS

Cypress Sharpridge Investments, a REIT focused on agency residential mortgage-backed securities and subordinated tranches of asset-backed securities, filed for IPO Thursday. Bear Stearns, Citigroup, Merrill Lynch, and UBS are bookrunning the deal. Terms have not yet been announced.