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CYS Investments to sell 20 million shares

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CYS Investments to sell 20 million shares

CYS Investments Inc. filed a shelf registration statement for the sale of 20 million shares of the company's common stock from time to time.

The company plans to use net proceeds from the sale for general corporate purposes, including for new investments or to repay debt, according to an Aug. 4 prospectus.

The proposed offering price per share, estimated for calculating the registration fee, is $8.47, making for an aggregate offering price of $169.3 million.

The shares may be offered and sold through JMP Securities LLC in at-the-market transactions. JMP Securities is entitled to up to 2.00% compensation of the gross proceeds from the sale.