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Investors Capital Holdings, Ltd. Announces Pricing of Secondary Common Stock Offering

7/28/2011 by Robert Foney

Lynnfield, Mass. (July 28, 2011) — Investors Capital Holdings, Ltd. (NYSE Amex: ICH), a financial services holding 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, and Stern, Agee & Leach, Inc. is acting as a qualified independent underwriter.

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.

Certain statements contained in this press release that are not historical fact may be deemed to be forward-looking statements under federal securities laws. There are many factors that could cause our future actual results to differ materially from those suggested by or forecast in the forward-looking statements. Such factors include, but are not limited to, general economic conditions, interest rate fluctuations, regulatory changes affecting the financial services industry, competitive factors effecting demand for our services, availability of funding, and other risks including those identified in the Company’s Securities and Exchange Commission filings.

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4/17/2012: Investors Capital partners with FDAS to proactively address 408(b)(2) fee disclosure requirements for advisors
2/16/2012: Investors Capital Holdings' Avg. Revenue per Advisor Increases 20.7% to over $170,000
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