American Capital Mortgage Investment Corp. Announces 10M Share Public Offering of Common Stock
American Capital Mortgage Investment Corp. (Nasdaq: MTGE) announced today that it plans to make a public offering of 10,000,000 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 1,500,000 shares of common stock to cover overallotments.
MTGE expects to use the net proceeds from this offering to invest, as market conditions warrant, in its targeted assets, which include agency mortgage investments, non-agency mortgage investments and other mortgage-related investments.
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