Newcastle Investment Corp. (NCT) said Wednesday that it has priced a public offering of shares of its common stock.
The size of the offering has been upsized from 30 million shares to 35 million shares, for gross proceeds of $174.0 million.
In connection with the offering, the company has granted the underwriters an option for 30 days to purchase up to an additional 5.25 million shares of common stock.
The offering is expected to close on June 17.
The company plans to use the net proceeds from the offering for general corporate purposes, including to make a variety of investments, which the company expects to primarily include acquisitions of senior housing properties, but which could also include acquisitions of CDO debt, other real estate securities and loans, operating businesses or other assets.
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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.