Boston’s Putnam Mortgage Opportunities Co. filed with federal regulators on Tuesday to raise up to $300 million in an initial public offering of common stock.

The company told the Securities and Exchange Commission in a preliminary prospectus that Barclays Capital was underwriting the IPO.

It did not reveal how many shares it planned to sell or their expected price.

The company invests in residential mortgage-backed securities for which the principal and interest payments are guaranteed by a government agency or a government-sponsored entity. (Reuters)

Putnam Mortgage Files For IPO Of Up To $300M

by Banker & Tradesman time to read: <1 min
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