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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, April 25, 5:33 PM
Slide #448. American Capital Mortgage Investment Corp. — Preferred Stock Offering
| Company: |
American Capital Mortgage Investment Corp. (MTGE) |
| Date announced: |
5/15/2014 |
| Security type: |
8.125% Series A Cumulative Redeemable Preferred Stock (MTGEP) |
| Shares Offered: |
2,000,000 |
| Date of Pricing: |
5/15/2014 |
| Price Per Share: |
$25 |
| Preferred Stock Offering Details: |
American Capital Mortgage Investment Corp. (Nasdaq: MTGE) ("MTGE" or the "Company") announced today that it has commenced an underwritten public offering of its Series A Cumulative Redeemable Preferred Stock. The Company has applied to list the Series A Preferred Stock on the NASDAQ Global Select Market under the symbol "MTGEP". -- updated 5/15 - American Capital Mortgage Investment Corp. (Nasdaq: MTGE) ("MTGE" or the "Company") announced today that it has priced a public offering of 2 million shares of its 8.125% Series A Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share, for estimated gross proceeds of $50 million. MTGE has also granted the underwriters an option to purchase up to an additional 300,000 shares of Series A Preferred Stock for 30 days following this offering. The offering is subject to customary closing conditions and is expected to close on or about May 22, 2014. |
MTGE Investment invests in, finances and manages a portfolio of real estate-related investments, which include agency residential mortgage-backed securities (RMBS), non-agency securities, other mortgage-related investments and other real estate investments. Agency RMBS include residential mortgage pass-through certificates and collateralized mortgage obligations. Non-agency securities include securities backed by residential mortgages that are not guaranteed by a government-sponsored enterprise or U.S. Government agency and credit risk transfer securities. Other mortgage-related investments may include mortgage servicing rights and commercial mortgage-backed securities. Preferred: NLY.PRH
 Open the MTGE Page at Preferred Stock Channel »
Open the MTGEP Page at Preferred Stock Channel for More Information About this Preferred »
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