Newcastle Investment (NCT -4.5%) dives following a secondary offering of 20M shares (now upsized...

|By:, SA News Editor

Newcastle Investment (NCT -4.5%) dives following a secondary offering of 20M shares (now upsized to 22M). Not a traditional mortgage REIT (i.e., not so exposed to the yield curve), Newcastle is more in the mortgage servicing business and presumably will use the raised funds to purchase additional rights. (PR)