Orchid Island Capital Inc. (ORC): Orchid Island Capital Prices Public Offe...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	14
Posts	991
Boards Moderated	0
Alias Born	01/07/2013

Tinkerer

Re: alexander77 post# 63

Thursday, 01/16/2014 9:33:40 PM

Thursday, January 16, 2014 9:33:40 PM

Orchid Island Capital Prices Public Offering of Common Stock
3 hours 33 minutes ago - DJNF

Orchid Island Capital Prices Public Offering of Common Stock
NEW YORK, Jan. 16, 2014 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the "Company") (NYSE MKT:ORC) announced today the pricing of its public offering of 1,800,000 shares of common stock at $12.50 per share. The offering is expected to close on January 23, 2014. The Company has granted the underwriters a 30-day option to purchase up to an additional 270,000 shares of common stock on the same terms and conditions to cover over-allotments, if any. All of the shares in the public offering are being offered by the Company.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), and Oppenheimer & Co. Inc. are joint book running managers for the offering. Mitsubishi UFJ Securities (USA), Inc. is lead manager for the offering, and Aegis Capital Corp., Maxim Group LLC and National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NHLD), are co-managers for the offering.