GoldenTree Asset Management bought nearly $11.3m worth of additional shares in Eagle Bulk Shipping following the bulker owner's private placement.
But its percentage ownership dipped slightly as the new offering dilutes shareholders.
Earlier today, the Gary Vogel-led Eagle said it completed a private placement of some 22.2 million shares to net $100m in new capital.
GoldenTree bought 2.5 million of those shares at $4.50
