American Capital Mortgage (MTGE) Prices 12M Common Offering; Sees Gross Profit of $260M
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American Capital Mortgage Investment Corp. (Nasdaq: MTGE) has priced a public offering of 12,000,000 shares of common stock for total expected gross proceeds of approximately $260 million before expenses.
In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 1,791,650 shares of common stock to cover overallotments, if any. The offering is subject to customary closing conditions and is expected to close on March 19, 2012.
In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 1,791,650 shares of common stock to cover overallotments, if any. The offering is subject to customary closing conditions and is expected to close on March 19, 2012.
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