actually mtge 'upped the offering size' from 18 to 20 million shares plus an extra 3 million exercisable by the underwriters for 30 days. That 30 day option is a GIFT as it will expire very near the likely date of that the next dividend is announced. I was expecting the extra 3 million to be sold together with the initial 20 million offering, but it looks like they are waiting for some additional price movement. If they wait the full 30 days - that will put a damper on any dividend run-up.
Are you surprised that there has been no SPO for AGNC? It's now trading above book. I figured they'd wait till the MTGE offering settles, but we're getting late in the qtr - you'd guess that it would need to occur soon if it is going to happen - or do you think they will wait till next qtr?