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And, 10,000,000 share secondary. Look out below.
Hopefully it will bounce back after offering like AGNC did and should be good buying opportunity. Always a big drop but these are not really dilutive, just how they grow the business.
It's just telling me that IVR is starting to be a power player. Their dividend is 3 cents less than hts's. I like this move. Time to buy more!