Dynex Capital Launches Public Offering Of 10.50M Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Dynex Capital has announced a public offering of 10.50 million shares of its common stock, with an option for underwriters to purchase an additional 1.575 million shares. The proceeds will be used for acquiring additional investments and general corporate purposes.
June 05, 2024 | 8:19 pm
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Dynex Capital is launching a public offering of 10.50 million shares, with an option for underwriters to purchase an additional 1.575 million shares. The proceeds will be used for acquiring additional investments and general corporate purposes.
The issuance of new shares typically dilutes the value of existing shares, which can lead to a short-term decrease in stock price. However, the use of proceeds for investments and corporate purposes could be beneficial in the long term.
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