Newcastle sheds 4.6% AH on secondary offering

Newcastle Investment (NCT) announces a 50M share secondary offering with the underwriters granted a greenshoe option of 7.5M shares. If the option is taken up, the issuance will add about 20% to the float.

A portion of the proceeds will be used to fund the purchase of a portfolio of senior housing properties from Holiday Retirement.

NCT -4.6% AH to $5.16.

Comments (1)
  • Sid Smallhands
    , contributor
    Comments (452) | Send Message
    Its now only down 3%
    18 Nov 2013, 04:26 PM Reply Like
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