Wednesday, August 17, 2011

IVR announces offering

IVR announced an offering of 20 million shares at $18.39 which is considered current  book value. This is an increase of shares by 21%. At 6:50 pm the share price after hours is $18.38.  IVR closed at $19.29. I notices all of the REITs are down aftermarket. Some are down over 1%--they pretty much gave up the gains they made today. 

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