Apollo Residential Mortgage (AMTG) Commences 13.9M Common Offering
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Apollo Residential Mortgage, Inc. (NYSE: AMTG) announced the Company is commencing an underwritten public offering of 13,900,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 2,085,000 additional shares of common stock.
AMTG intends to use the net proceeds from the offering to acquire Agency residential mortgage-backed securities, non-Agency RMBS and other residential mortgage assets, as market conditions warrant, and for general corporate purposes.
AMTG intends to use the net proceeds from the offering to acquire Agency residential mortgage-backed securities, non-Agency RMBS and other residential mortgage assets, as market conditions warrant, and for general corporate purposes.
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