LYNNFIELD, Mass., July 28, 2011 (GLOBE NEWSWIRE) -- Investors Capital Holdings, Ltd. (NYSE Amex:ICH) , a financial services holding company ("the Company"), announced today that it has priced a secondary public offering of 3,608,820 shares of its common stock at $4.25 per share. The shares are being sold by its founder and Chairman of the Board, Theodore E. Charles, age 68, members of his family, family trusts and a controlled charitable foundation. The Company will not receive any proceeds from the offering.
Investors Capital Corp., the wholly-owned broker-dealer and investment advisory subsidiary of the Company, is acting as the underwriter on a best efforts basis.
The offering is being made pursuant to the Company's existing shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission. This press release is neither an offer to sell nor a solicitation of an offer to buy shares of common stock. The offering of these securities will be made only by means of a prospectus and a related prospectus supplement, a copy of which may be obtained by contacting Investors Capital Corp, 230 Broadway, Lynnfield, MA 01940, Attention: Corporate Counsel, (800) 949-1422 Ext 4636.
About Investors Capital Holdings, Ltd.:
Investors Capital Holdings, Ltd. of Lynnfield, Massachusetts is a diversified financial services holding company that operates primarily through Investors Capital Corp. Our mission is to provide premier, 5-star service and support to our valued registered representatives, including advisory programs, strategic practice management and marketing services, and technology, to help them grow their businesses and exceed their clients' expectations. Business units include Investors Capital Corp., ICC Insurance Agency, Inc., and Investors Capital Holdings Securities Corporation. For more information, please call (800) 949-1422 x4814 or visit www.investorscapital.com.