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Article: Monmouth Real Estate Investment Corporation Closes Offering of 1,730,200 Shares of Common Stock.
- Article from:
- Real Estate Weekly News
- Article date:
- November 6, 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)
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Monmouth Real Estate Investment Corporation (NASDAQ:MNRTA) (the "Company") announced the closing of a registered direct placement of 1,730,200 common shares at an offering price of $6.50. The Company received net proceeds from the offering of approximately $10.5 million. The Company intends to use the net proceeds from the offering to purchase additional properties in the ordinary course of business and for general corporate purposes. CSCA Capital Advisors, LLC acted as Placement Agent for the transaction. The common shares were issued pursuant to a prospectus supplement and accompanying prospectus filed as part of an existing effective shelf registration statement filed ...
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