American Mortgage Acceptance Co., a New York City-based multifamily and commercial real estate investment trust, has priced an offering of 680,000 shares of series A convertible preferred stock at a liquidation preference of $25 per share.AMAC said the net proceeds will total approximately $16 million. The underwriters, Sterne, Agee & Leach Inc. and Boenning & Scattergood Inc., have been granted an option to buy up to 60,000 additional shares to cover any overallotments. The REIT can be found on the Web at http://www.americanmortgageco.com.
AMAC Announces Stock Offering
July 26, 2007, 2:00 p.m. EDT 1 Min Read
