AGNC Down 3.8% After $1.58B, 50M Share OfferingBy Michael AneiroShares of mortgage REIT American Capital Agency Corp. (AGNC) are off $1.24, or 3.8%, to $31.54 after AGNC this morning announced that it sold 50 million common stock shares. The sale netted $1.58 billion in gross proceeds, which AGNC said it plans to use to acquire more agency securities and for general corporate purposes.http://us.rd.yahoo.com/finance/external/barrons/SIG=12tmmuo8......This has potential of being 17% dilutive.Mark, worried.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra