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Orchid Island Capital will sell common stock through public sale
Bookrunning manager Ladenburg Thalmann slated to conduct offering
By Devika Patel
Knoxville, Tenn., Feb. 14 - Orchid Island Capital, Inc. will price a public offering of common stock with a 30-day greenshoe, according to a Form S-11 filed Friday with the Securities and Exchange Commission.
Ladenburg Thalmann & Co. Inc. is the bookrunning manager.
Proceeds will be used to invest in mortgage-backed securities.
The real estate investment trust is based in Vero Beach, Fla.
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