Is a secondary offering in the offing for American Capital Mortgage (MTGE +1.6%)? At $24.73,...

|About: MTGE Investment Corp. (MTGE)|By:, SA News Editor

Is a secondary offering in the offing for American Capital Mortgage (MTGE +1.6%)? At $24.73, shares are trading at a 13.5% premium to the last stated book value (March 31). At that sort of spread, the only question regarding a large secondary seems to be when? (via Dividend Master)