The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Aug. 28, 1:05 AM

Slide #18. Newcastle Investment Corp. Secondary Offering

Company: Newcastle Investment Corp. (NYSE:NCT)
Date announced: 8/12/2014
Shares Offered: 40,000,000
Date of Pricing: 8/13/2014
Price Per Share: $4.40
Secondary Offering Details: Newcastle Investment Corp. (NYSE:NCT) ("Newcastle" or the "Company") announced today that it plans to make a public offering of 40,000,000 shares of its common stock. In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to an additional 6,000,000 shares of common stock (subject to adjustment for the Company's announced 3-for-1 reverse stock split). The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. - updated 8/13 - Newcastle Investment Corp. (NYSE:NCT) ("Newcastle" or the "Company") announced today that it priced its public offering of 40,000,000 shares of its common stock for gross proceeds of approximately $176 million. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 5,925,000 shares of common stock (subject to adjustment for the Company's announced 3-for-1 reverse stock split). The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The offering is expected to close on August 18, 2014, subject to customary closing conditions.

Newcastle Investment is a real estate investment trust that focuses on investing in, and managing, a range of real estate related and other investments. Co. invests in senior housing properties, real estate debt and other investments. Co. conducts its business through the following segments: investments in senior housing properties (senior housing), debt investments financed with collateralized debt obligations (CDOs), other debt investments (Other Debt), investments in media (Media), and investment in golf courses and facilities (Golf). As of Dec 31 2013, Co. owned 33 managed properties and 51 triple net lease properties.

Preferreds: NCT.PRB, NCT.PRC, NCT.PRD


Open the NCT Page at The Online Investor »

Company Name:  Newcastle Investment Corp
Website:  www.newcastleinv.com
Sector:  REITs
Number of ETFs Holding NCT:  11
Total Market Value Held by ETFs:  $81.08M
Total Market Capitalization:  $1.57B
% of Market Cap. Held by ETFs:  5.16%
 

Open the NCT Page at The Online Investor (in a new window) »

August 28, 2014    1:05 AM Eastern
Quotes delayed 20 minutes



Buy (3.00 out of 4)
46th percentile
(ranked lower than approx. 54% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2014, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.