Putnam Mortgage Opportunities Co., which invests in residential mortgage-backed securities guaranteed by government agencies, has filed an initial public offering form with the Securities and Exchange Commission to raise $300 million in capital. The real estate investment trust, which is managed externally by Boston-based Putnam Advisory Co., had about $121 billion in assets under its umbrella as of Dec. 31, according to SEC filings. While Putnam may pursue non-government RMBS, commercial mortgage-backed securities and asset-backed securities, it’s main focus is investing in agency RMBS guaranteed by Fannie Mae and Freddie Mac. In its filing, Putnam Mortgage did not indicate how many shares will be offered or for what price. The firm is applying to list its stock under the ticker symbol PMOC. Barclays Capital (BCS) will serve as the underwriter of the transaction. Write to Kerri Panchuk.
Putnam Mortgage aims to raise $300 million in IPO
Most Popular Articles
Latest Articles
Key housing markets are starting to buck national trends: Redfin
Some markets in Texas and Florida that have experienced outsized growth in demand are now showing signs of a pullback.
-
Median payment on purchase mortgage applications rises to $2,201: MBA
-
HUD, USDA reach accord on energy-efficiency standard for new construction
-
U.S. mortgage delinquency rates remain near historic lows: CoreLogic
-
HomeServices settles commission lawsuits for $250M
-
Kristen Sieffert leads the reverse mortgage presence at The Gathering