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Newcastle Investment Corp. Message Board

  • rjraecek rjraecek Nov 21, 2013 1:33 PM Flag


    18 Nov, 4:22 PM • NCT
    Newcastle sheds 4.6% AH on secondary offering

    Newcastle Investment (NCT) announces a 50M share secondary offering with the underwriters granted a greenshoe option of 7.5M shares. If the option is taken up, the issuance will add about 20% to the float.
    A portion of the proceeds will be used to fund the purchase of a portfolio of senior housing properties from Holiday Retirement

    Sentiment: Strong Buy

4.91+0.21(+4.47%)Jul 31 4:06 PMEDT