PMC Commercial Trust just filed a prospectus, suggesting it plans to soon issue some securities

PMC Commercial Trust just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

ESTIMATED USE OF PROCEEDS

 

Assuming the maximum offering, we estimate that we will receive net proceeds from the sale of the Units in this offering of approximately $826,454,214 after deducting estimated offering expenses, including selling commissions, the dealer manager fee and reimbursable expenses as described in the “Plan of Distribution” section payable by us of approximately $73,545,786. We intend to use the net proceeds from this offering for ge neral corporate purposes, acquisitions of shares of our Common Stock, at or below NAV (as defined herein), whether through one or more tender offers, share repurchases or otherwise, and acquisitions and additional investments consistent with our investment strategies. We have not given effect to any special sales discounts that could reduce the sales commissions or dealer manager fees payable by us. See “Plan of Distribution” for a description of the special sales discounts.

 

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The above information was disclosed in a filing to the SEC. To see the filing, click here.

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