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Apollo Residential Mortgage Inc Announces Public Offering of Common Stock


Thursday, 7 Mar 2013 04:07pm EST 

Apollo Residential Mortgage Inc announced that the Company is commencing an underwritten public offering of 6,800,000 shares of common stock. The Company expects to grant the underwriter a 30-day option to purchase up to 1,020,000 additional shares of common stock. AMTG intends to use the net proceeds from the offering to acquire Agency residential mortgage-backed securities (RMBS), non-Agency RMBS and other residential mortgage assets. Morgan Stanley & Co. LLC is acting as sole book runner of the public offering. 

Company Quote

20.43
-0.05 -0.24%
4:01pm EDT