Investments

Orchid Island sets REIT IPO terms

Orchid Island Capital, a firm that invests in government-backed residential mortgage-backed securities, is attempting to convert to a real estate investment trust again, after failing to do so in 2011.

According to Renaissance Capital, the Vero Beach, FL-based company plans to raise $35 million by offering 2.4 million shares at a price range of $14 to $16.

The company makes around $3 million a year and plans to list on the NYSE under the symbol ORC.

Most Popular Articles

Spouse of Quicken Loans executive sues AIME’s Anthony Casa for defamation

Theresa Niemiec, wife of Quicken Loans Executive Vice President Austin Niemiec, has filed a defamation lawsuit against Anthony Casa, CEO of the Association of Independent Mortgage Experts, for comments he made about her in a video message that he filmed and sent to her husband and others in the mortgage industry.

Jul 12, 2020 By
3d rendering of a row of luxury townhouses along a street

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