Investors Capital shareholders to sell stock through public offering

Secondary sale covers 54% of total shares outstanding

By Devika Patel

Knoxville, Tenn., July 18 - Investors Capital Holdings Ltd. said various shareholders plan to sell stock through a secondary public offering of its common shares.

A total of 3,608,820 shares will be sold, 54% of the fully diluted shares outstanding.

The sellers are Ted Charles, members of his immediate family and trusts, and a charitable foundation, according to an FWP filing with the Securities and Exchange Commission.

Pricing is expected this month.

Investors Capital Corp. is the underwriter with Sterne, Agee & Leach, Inc. as the qualified independent underwriter.

The financial services holding company is based in Lynnfield, Mass. Its stock (NYSE-Amer: ICH)closed at $6.30 on July 1.

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