Newcastle Investment (NCT) announces a 30M share public offering, with a 30 day option for an...

|By:, SA News Editor

Newcastle Investment (NCT) announces a 30M share public offering, with a 30 day option for an additional 4.5M shares. The company plans to use the net proceeds to make a variety of investments, primarily acquisitions of senior housing properties, but could also include CDO debt, other real estate securities and loans, operating businesses or other assets. Shares -1.4% AH.