Angel Oak Mortgage REIT And Operating Partnership May Offer Up To $750M In Common Stock, Preferred Stock, Warrants, And Debt Securities
Portfolio Pulse from Benzinga Newsdesk
Angel Oak Mortgage REIT and its operating partnership have announced plans to offer up to $750 million in common stock, preferred stock, warrants, and debt securities. This move could provide the company with significant capital for growth and operations.
June 27, 2024 | 8:25 pm
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Angel Oak Mortgage REIT's announcement to offer up to $750 million in various securities could provide the company with significant capital for growth and operations. This move may dilute existing shares but also indicates potential for expansion.
The offering of up to $750 million in common stock, preferred stock, warrants, and debt securities by Angel Oak Mortgage REIT could lead to share dilution, which might negatively impact the stock price in the short term. However, the capital raised could be used for growth and operational improvements, which could be beneficial in the long term.
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