Luminent Mortgage Capital Inc., a San Francisco-based real estate investment trust, has priced a public offering of 6 million shares of common stock at $10.25 per share.Luminent said it plans to use the proceeds to buy mortgage assets as part of its residential mortgage credit and spread strategies. The underwriters have been granted an option to buy up to 900,000 additional shares to cover any overallotments. UBS Investment Bank was the sole book-running manager of the offering. The REIT, which invests primarily in U.S. agency and other highly rated mortgage-backed securities, can be found online at http://www.luminentcapital.com.
Luminent Prices Stock Offering
October 13, 2006, 2:00 p.m. EDT 1 Min Read
