BUZZ-Sunrise Realty Trust dips on stock offering plan

Reuters
21 Jan

** Commercial real estate lender Sunrise Realty Trust's

shares fall 1.3% to $13.95 in early trading

** SUNS, which offers loans to projects in southern United States, launches public offering of 5.5 mln shares; price undisclosed

** Raymond James, Keefe, Bruyette & Woods, BTIG and Oppenheimer are the joint book-running managers for the offering

** SUNS has 6.9 mln outstanding shares and $97.9 mln market capitalization, according to data compiled by LSEG

** Proceeds from the offering will be used to fund loans and for other purposes, including the repayment of debt, the company said

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10