Javelin Mortgage Investment (JMI) has boosted the size of its initial public offering to 7.25 million shares from 6.25 million via a private placement to two directors. This newly created mortgage real estate investment trust, which is externally managed by ARMOUR Residential REIT (AMEX:ARR), raised $145 million.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
New York Mortgage Trust (NASDAQ:NYMT) prices a 13.5 million share secondary offering at $6.89 per share; underwriters will keep an option to acquire an additional 2.025 million shares.
Singapore’s sovereign wealth fund Temasek Holdings, which is the biggest holder of Standard Chartered 5 (SCBFF.PK), is pushing for changes to the latter’s board, say sources. If this is true, chatter that Temasek wants a buyer for its 18 percent interest in the lender would seem to be moot.