could be a buying opportunity.
LOOK at PRICE/DECLINE on last SPO....no recovery...I got hit last time!!AGNC/MTGE/ARR holder NOT use to this action after a SPO>>>>>>
what a diilution
Short term dilution but an offering of this size most likely is the result of the ability to place most of this money in senior lending facilities immediately.The PSEC private placements with conversion features at what I considered to be too low of a premium to stock price has been big winners for those who received the private placements.Better to do a full blown public offering and at a 52 week high day is not such a bad thing in the longer scheme of things.