|
|
Article: Walter Investment Management Corp. Announces Proposed Common Stock Offering.
- Article from:
- Real Estate Weekly News
- Article date:
- October 23, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Tampa, Florida based Walter Investment Management Corp. (NYSE Amex: WAC) a mortgage servicer and mortgage portfolio owner, which operates as a real estate investment trust ("REIT") specializing in subprime, non-conforming and other credit-challenged residential loans announced the commencement of a proposed underwritten public offering of 5 million shares of common stock. The underwriters in the offering will have a 30-day option to purchase up to an additional 750,000 shares of common stock to cover over-allotments, if any. Net proceeds from the offering will be used to acquire residential loans and for other general corporate purposes. The joint bookrunning managers for ...