By Devika Patel
Knoxville, Tenn., Oct. 19 - Monmouth Real Estate Investment Corp. said it completed an $11.25 million registered direct offering of stock.
The company sold 1.73 million common shares at $6.50 per share.
CSCA Capital Advisors, LLC was the agent for the deal.
Proceeds will be used to purchase additional properties in the ordinary course of business and for general corporate purposes.
Monmouth is a real estate investment trust based in Freehold, N.J., with a concentration on net-leased industrial policies.
| Issuer: | Monmouth Real Estate Investment Corp.
|
| Issue: | Common shares
|
| Amount: | $11,245,000
|
| Shares: | 1.73 million
|
| Price: | $6.50
|
| Warrants: | No
|
| Agent: | CSCA Capital Advisors, LLC
|
| Settlement date: | Oct. 20
|
| Stock symbol: | Nasdaq: MNRTP
|
| Stock price: | $20.88 at close Oct. 20
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
