Wednesday, August 3, 2011

New REIT in offering MTGE

Tomorrow Aug, 4 MTGE will begin trading on the NASDAQ at $20 per share. 8 million shares will go out on the market to invest in agency , non agency securities and related investments. The name of the company is American Capital mortgage Investment  Corp., it has a similar logo as AGNC and the address is I think in the same building. The logo looked so similar that i thought AGNC was doing an offering but I do not expect such an offering quite yet from AGNC or the other REITs. It seems ARR is doing the best of the list- I would expect an offering there first but they had one kind of recently. To contact MTGE call 301-968-9220. MTGE will be available on Etrade accounts tomorrow morning starting at $20 per share.

REITs did well today as did silver. 

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