Good timing: NorthStar launches secondary offering

NorthStar Realty Finance (NRF) takes advantage of today's 20% moonshot in the stock, launching a 50M share secondary. Part of the proceeds will fund the cash portion of an approximately $400M portfolio of manufactured housing communities under contract. The rest will be for other potential investments.

Shares -4.2% AH

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Comments (2)
  • barnsey
    , contributor
    Comments (319) | Send Message
    Amazing. Pump & dilute. There oughta be a law.
    11 Dec 2013, 05:00 PM Reply Like
  • surfgeezer
    , contributor
    Comments (10438) | Send Message
    Have no idea why it popped up. Was not good news in the long run. If you actually listen to calls, they talk about how beneficial being internally managed is. Big deal, IF you buy some of the new management co you will probably get qualified divvys.
    11 Dec 2013, 09:45 PM Reply Like
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