Cypress Sharpridge Investments plans to invest the net proceeds of its recent common stock offering in agency RMBS.

On Thursday, the company said that it priced a public offering of 12,150,000 shares of its common stock at a public offering price of $12.46 per share for total gross proceeds (before the underwriting discount and commissions and estimated expenses) of approximately $151.4 million.

The company also plans to grant the underwriters an option for 30 days to buy up to an additional 1.5 million shares of common stock.

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