* Plans to list on NYSE under symbol "AMTG"
* Morgan Stanley lead underwriter
* To be managed by indirect subsidiary of Apollo Global (Adds parent company's IPO plans)
NEW YORK, March 21 (Reuters) - Specialty finance company Apollo Residential Mortgage Inc filed with U.S. financial regulators on Monday to raise up to $300 million in an initial public offering.
The company plans to qualify as a real estate investment trust (REIT) by the end of the year and plans to invest in U.S. residential mortgage assets, including mortgage-backed securities and residential mortgage loans, according to the filing with the U.S. Securities and Exchange Commission.
The REIT will be externally managed and advised by Delaware-based ARM Manager LLC.
ARM Manager LLC is a recently formed indirect subsidiary of Apollo Global Management LLC [APOLO.UL], which is also seeking an IPO and on Monday proposed terms for its $500 million offering. [ID:nN21292997]
The REIT plans to use the net proceeds and concurrent private placement to buy assets.
Morgan Stanley is leading underwriters on the IPO.
Shares are expected to trade on the New York Stock Exchange
under the symbol "AMTG."