04:51 PM EDT, 08/09/2024 (MT Newswires) -- Granite Point Mortgage Trust ( GPMT ) late Friday disclosed plans for a potential offering of up to $500 million of its common and preferred stock, depositary shares, purchase contracts or units, or debt securities from time to time.

According to the preliminary prospectus filed Friday afternoon, the real estate investment trust expects to use net proceeds from any potential offering to originate and acquire target assets and for general corporate purposes.

Price: 2.6000, Change: -0.01, Percent Change: -0.38