on US housing recovery....and you get paid to wait with a quarterly divvy of 0.06 for a total of 0.24.
Tricon Capital closes $63.25-million bought deal
2012-12-04 09:08 ET - News Release
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Mr. Gary Berman reports
TRICON ANNOUNCES CLOSING OF BOUGHT DEAL OFFERING
Tricon Capital Group Inc. has completed an offering of 11,097,500 common shares at a price of $5.70 per common share for aggregate gross proceeds of $63,255,750. The aggregate amount purchased by the underwriters included the sale by Mandukwe Corp., a company controlled by Geoff Matus, co-founder and a director of Tricon, of 650,000 common shares and the issuance by Tricon of 797,500 common shares to cover overallotments pursuant to the exercise in full of the overallotment option.
The offering of common shares was completed on a bought-deal basis, and was underwritten by a syndicate of underwriters co-led by GMP Securities LP and RBC Capital Markets, and including Canaccord Genuity Corp., CIBC World Markets Inc., National Bank Financial Inc., Raymond James Ltd. and Fraser Mackenzie Ltd. As previously announced, the company intends to use the net proceeds to the company from the offering to finance continued expansion of its U.S. single-family, home rental strategy, and for general corporate and working capital purposes.