The Internalization Of Jernigan Capital
Buyout price of ~$33 million in stock now and $13.5 million incentive bonus is relatively cheap, coming in at less than 3x annual fees. The company will now be relatively self-funded, an important development given the state of the industry and share price declines reducing the possibility of accretive equity issuance. The new dividend yield of …
News story posted on 2019-12-18T11:42:00.0000000Z