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 general 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.

46

Table of Contents

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

To receive a free e-mail notification whenever PMC Commercial Trust makes a similar move, sign up!

Other recent filings from the company include the following:

Material Modification to Rights of Security - Nov. 21, 2017
PMC Commercial Trust just filed a prospectus, suggesting it plans to soon issue some securities - Nov. 21, 2017
Filing under Securities Act Rules 163/433 of free writing prospectuses - Nov. 17, 2017
PMC Commercial Trust just filed a paper-based report - Nov. 16, 2017
PMC Commercial Trust Just Received a Notice of Effectiveness - Nov. 16, 2017

Auto Refresh

Feedback