LYNNFIELD, Mass., Aug. 2, 2011 (GLOBE NEWSWIRE) -- Investors Capital Holdings, Ltd. (NYSE Amex: ICH), a financial services holding company, today announced that it has completed a secondary offering at a price of $4.25 per share of 3,608,820 shares of its common stock owned by Chairman of the Board and founder, Theodore E. Charles, members of his family, family trusts and a controlled charitable foundation.
Investors Capital Corporation acted as the sole underwriter for the offering. The company did not receive any of the proceeds from the offering of shares by the selling stockholders. The selling stockholders were responsible for underwriter and agents' commissions.
The offering was 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 was 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. (NYSE Amex:ICH) of Lynnfield, Massachusetts is a diversified financial services holding company that operates primarily through its independent broker/dealer and investment advisor subsidiary, 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