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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Jul. 28, 6:17 AM

Slide #24. Independence Realty Trust, Inc. Secondary Offering

Company: Independence Realty Trust, Inc. (AMEX:IRT)
Date announced: 7/14/2014
Shares Offered: 7,000,000
Date of Pricing: 7/15/2014
Price Per Share: $9.50
Secondary Offering Details: Independence Realty Trust, Inc. (NYSE MKT:IRT) (the "Company") today announced that it has commenced an underwritten public offering of 6,000,000 shares of common stock. The Company expects to grant the underwriters a 30-day option to purchase up to 900,000 additional shares of common stock. - updated 7/15 - Independence Realty Trust, Inc. (NYSE MKT:IRT) (the "Company") today announced the pricing and upsizing of its public offering of 7,000,000 shares of common stock at a public offering price of $9.50 per share for total gross proceeds of approximately $66.5 million. The offering was increased by 1,000,000 shares from the originally announced offering of 6,000,000 shares of common stock. The offering is expected to close on July 21, 2014, subject to the satisfaction of customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. RAIT Financial Trust is purchasing 300,000 shares of common stock in the offering, at the public offering price, for which no underwriting discounts and commissions will be paid to the underwriters.

Number of ETFs Holding IRT:  1
Total Market Value Held by ETFs:  $231214
  Independence Realty Trust, Inc.: trading symbol IRT

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

July 28, 2014    6:17 AM Eastern
Quotes delayed 20 minutes

Strong Buy (4.00 out of 4)
98th percentile
(ranked higher than approx. 98% of all stocks covered)
Based on Zacks ABR data;
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