Financial 15 Split Corp T.FTN

Any guesses when next overnight offering will happen?

[David124]

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[mouserman]

Quadravest has not used an overnite offering in quite a while. The ATM program seems to be the go to way to sell shares out of the treasury, and avoid paying underwriters to push the offering. At any rate, neither the OVERNITE offerings or shares sold thru the ATM can done when the common shares are at a discount. Usually they are done  at  a 10% premium at minimum , so as not to be

[Experienced]

Yep...there are securities regulations regarding dilution for overnight raises which the split shares have to follow.  The math for when they can do it and not run afoul of the law varies a bit for each split depending on their composition/dividends and what kind of deal the fund company managing the split can make with the brokerage houses regarding fees.  As a general rule for most

[Inglewood]

Thank you for this explanation.