Newcastle Investment Corp. (NCT) announced it plans to make a public offering of 40 million shares of common stock. The company also intends to grant the underwriters an option for 30 days to purchase up to an additional 6 million shares of common stock.
The company intends to use the net proceeds for general corporate purposes, including to make a variety of investments. The company said it may apply some or all of such proceeds to fund a co-investment in excess mortgage servicing rights on a portfolio with an unpaid principal balance of approximately $215 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.