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Real-estate investor Apollo Residential plans $300 mln IPO

Posted on 22 March 2011

Apollo Residential Mortgage Inc. planned to sell up to an estimated $300 million of common stock in an initial public offering.
According to its filing with the Securities and Exchange Commission Monday, Apollo is a newly formed real-estate finance company meant to focus primarily on mortgage-backed securities, residential mortgage loans and other residential mortgage assets in the U.S. It is planning to become a real-estate investment trust……………………………………….Full Article: Source


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