Seeking Alpha
  • Todd Johnson
    $AGNC will be doing a 2ndary if they immitate $CYS 2ndary news tonight. http://yhoo.it/x4qEj6
    1/26/12
    Reply (13)
    • TruffelPig: Don't those REITs do that all the time?
      1/26/12
    • avickrey: Yep, it happens all of the time. TWO just did one and I think we're up over 7% from the announcement. NLY too.
      1/26/12
    • Windsun33: Secondaries are common with the REIT's. Usually does not affect stock price much.
      1/27/12
    • Todd Johnson: $AGNC -- technically won't do a secondary, but sell shares thru their SEC 424(B)(2) filing. $CYS is doing a secondary in traditional sense.
      1/27/12
    • Rhianni32: Trufflelpig: because REITs have to give out 90% of their profit the only meaningful way to grow is through secondaries.
      1/27/12
    • TruffelPig: Thanks Todd and Rhianni
      1/27/12
    • Todd Johnson: TruffelPig, for the love of mankind - please, I hope you own $AGNC
      1/27/12
    • TruffelPig: I own AGNC and NLY in my IRA, my sons portfolio contains NLY
      1/27/12
    • TruffelPig: I own AGNC in my trading account as well
      1/27/12
    • Todd Johnson: Truffel, excellent. Just busting your chops. :)
      1/27/12
    • TruffelPig: Everyone should have those dividend monsters in the IRA
      1/27/12
    • antiqueron: how do you buy the secondary offering for agnc? 200k to spend
      1/27/12
    • Windsun33: Open market as far as I know, it is not like an IPO, they just add more shares at the current price.
      1/28/12