3 million common shares sold to fund single-family residence portfolio
By Devika Patel
Knoxville, Tenn., June 22 – American Housing Income Trust Inc. said it priced a $9 million direct public sale of stock.
The company will sell 3 million common shares at $3.00 per share. The price per share is a 36.84% discount to the June 21 closing share price of $4.75.
Proceeds will be used to expand the company’s single-family residence portfolio.
The real estate company is based in Phoenix.
| Issuer: | American Housing Income Trust Inc.
|
| Issue: | Common stock
|
| Amount: | $9 million
|
| Shares: | 3 million
|
| Price: | $3.00
|
| Warrants: | No
|
| Pricing date: | June 22
|
| Stock symbol: | OTCBB: AHIT
|
| Stock price: | $4.75 at close June 21
|
| Market capitalization: | $35.94 million
|
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