Published: August 02, 2011
Certain Stockholders of HFF, Inc. Intend to Sell 4,047,472 Shares in a Secondary Offering
PITTSBURGH - (BUSINESS WIRE) - HFF, Inc. (NYSE: HF) (the Company) announced today that it has filed a
preliminary prospectus supplement with the Securities and Exchange
Commission (SEC) for a proposed underwritten public offering of
4,047,472 shares of its Class A common stock. All shares will be offered
by existing stockholders who are also current transaction professionals
of the Company, including the Company's chief executive officer and
three other inside directors. The Company will not receive any proceeds
from the sale of shares in the offering. The primary purpose of this
offering is to raise capital for taxes related to the exchange by the
aforesaid selling stockholders that took place on June 30, 2010 (as
described in the Company's June 28, 2010 press release and the Company's
Annual Report on Form 10-K for the year ended December 31, 2010), as
well as for taxes related to this offering. A secondary purpose for this
offering is for the personal portfolio diversification of the selling
stockholders.
JMP Securities LLC is acting as the Sole Book-running Manager for the
offering.
The shares will be issued pursuant to an effective registration
statement relating to these securities that was previously filed with
the SEC. A preliminary prospectus supplement relating to the offering
has been filed with the SEC and is available on the SEC's website
located at www.sec.gov.
A copy of the preliminary prospectus supplement related to this offering
and the accompanying prospectus may be obtained by contacting JMP
Securities LLC, 600 Montgomery Street, 11th Floor, San Francisco,
California, 94111 (Attention: Prospectus Department), (415) 835-8900.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About HFF, Inc.
Through its subsidiaries, Holliday Fenoglio Fowler, L.P. and HFF
Securities L.P., the Company operates out of 19 offices nationwide and
is one of the leading providers of commercial real estate and capital
markets services, by transaction volume, to the U.S. commercial real
estate industry. The Company offers clients a fully integrated national
capital markets platform including debt placement, investment sales,
structured finance, private equity, investment banking and advisory
services, loan sales and commercial loan servicing.
Certain statements in this press release are "forward-looking
statements" within the meaning of the federal securities laws. Statements
about our beliefs and expectations and statements containing the words
"may," "could," "would," "should," "believe," "expect," "anticipate,"
"plan," "estimate," "target," "project," "intend" and similar
expressions constitute forward-looking statements. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results and performance in future periods to be materially different
from any future results or performance suggested in forward-looking
statements in this press release. Investors, potential investors
and other readers are urged to consider these factors carefully in
evaluating the forward-looking statements and are cautioned not to place
undue reliance on such forward-looking statements. Any
forward-looking statements speak only as of the date of this press
release and, except to the extent required by applicable securities
laws, the Company expressly disclaims any obligation to update or revise
any of them to reflect actual results, any changes in expectations or
any change in events. If the Company does update one or more
forward-looking statements, no inference should be drawn that it will
make additional updates with respect to those or other forward-looking
statements. Factors that could cause results to differ materially
include, but are not limited to: (1) general economic conditions and
commercial real estate market conditions, including the current
conditions in the global markets and, in particular, the U.S. debt
markets; (2) the Company's ability to retain and attract transaction
professionals; (3) the Company's ability to retain its business
philosophy and partnership culture; (4) competitive pressures; (5) the
Company's ability to integrate and sustain its growth; and (6) other
factors discussed in our public filings, including the risk factors
included in the Company's most recent Annual Report on Form 10-K.
Additional information concerning factors that may influence HFF,
Inc.'s financial information is discussed under "Management's Discussion
and Analysis of Financial Condition and Results of Operations,"
"Quantitative and Qualitative Disclosures About Market Risk" and
"Forward-Looking Statements" in the Company's most recent Annual Report
on Form 10-K, as well as in the Company's press releases and other
periodic filings with the Securities and Exchange Commission. Such
information and filings are available publicly and may be obtained from
the Company's website at www.hfflp.com
or upon request from the HFF, Inc. Investor Relations Department at investorrelations@hfflp.com.

HFF, Inc.
John H. Pelusi Jr., 412-281-8714
Chief
Executive Officer
jpelusi@hfflp.com
or
Gregory
R. Conley, 412-281-8714
Chief Financial Officer
gconley@hfflp.com
or
Myra
F. Moren, 713-852-3500
Director, Investor Relations
mmoren@hfflp.com
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