Form 4: Liberty 77 Capital L.P. Acquires 6,751,000 Shares of New York Community Bancorp, Inc.

Liberty 77 Capital L.P. and related entities acquired 6,751,000 shares of New York Community Bancorp, Inc. common stock through the conversion of Series C Preferred Stock.

Summary

• On March 13, 2024, Liberty 77 Capital L.P. acquired 6,751,000 shares of New York Community Bancorp, Inc. (NYCB) common stock.
• The acquisition was made through the conversion of 6,751 shares of Series C Noncumulative Convertible Preferred Stock.
• The conversion was executed at the option of Liberty Purchaser, as per the Investment Agreement dated March 7, 2024, and amended on March 11, 2024.
• The Series C Preferred Stock converted into common stock on a 1-for-1,000 basis, subject to certain adjustments.
• Following the transaction, Liberty 77 Capital L.P. and related entities beneficially own 41,691,000 shares of NYCB common stock indirectly.
• The reporting persons include Liberty 77 Capital L.P., Liberty Strategic Capital (CEN) Holdings, LLC, Liberty 77 Capital Partners L.P., Liberty Capital L.L.C., STM Partners LLC, and Steven T. Mnuchin.
• Each reporting person disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The transaction represents a significant investment, suggesting confidence. However, the disclaimer of beneficial ownership beyond pecuniary interest tempers the enthusiasm.

Industry Context

This transaction reflects a significant investment in New York Community Bancorp, Inc., potentially indicating confidence in the company's future performance within the banking sector.

Stakeholder Impact

• The transaction could positively impact shareholders by increasing investor confidence.
• The investment may provide NYCB with additional capital to support its operations and growth.

Key Dates