Newcastle Investment Corp. (NYSE: NCT) has just announced plans for an upcoming public offering of 20,000,000 shares of their common stock. In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to According to the news, underwriters will also be afforded a 30 day period for buying an additional 3,000,000 shares.
The proceeds of this offering will be slated for what the company terms “general purposes” including a variety of intended investments. Accordingly, real estate securities, real estate related loans, consumer loans, residential loans, corporate loans, senior living assets, excess mortgage servicing rights and operating real estate, are among the areas in which Newcastle intends expanding.
Credit Suisse Securities (USA) LLC and BofA Merrill Lynch will manage the offering. Copies of the prospectus and prospectus supplement may be obtained from: Credit Suisse Securities (USA) LLC by phoning: (800) 221-1037, or via Email: email@example.com; or BofA Merrill Lynch at: Email: firstname.lastname@example.org
About the company: Newcastle Investment Corp. invests, manages, and speculates in real estate assets, primarily residential servicing and securities, and commercial real estate debt.
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