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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Monday, January 27, 10:06 PM

Slide #109. Invesco Mortgage Capital Inc. Preferred Stock Offering

Company: Invesco Mortgage Capital Inc. (NYSE:IVR)
Date announced: 8/9/2017
Shares Offered: 10,000,000
Date of Pricing: 8/9/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Invesco Mortgage Capital Inc. (the "Company") (NYSE: IVR) announced today that it has priced the public offering of 10,000,000 shares of its 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of approximately $250 million, before deducting the underwriting discount and other estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of the Series C Preferred Stock solely to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on August 16, 2017. The Company intends to apply to list the Series C Preferred Stock on the New York Stock Exchange under the symbol "IVR PrC."

Invesco Mortgage Capital is a holding company and a real estate investment trust. Co. is focused on investing in, financing and managing residential and commercial mortgage-backed securities and other mortgage related assets. Co. primarily invests in the following: residential mortgage-backed securities; commercial mortgage-backed securities; credit risk transfer securities; residential and commercial mortgage loans; and other real estate-related financing arrangements. Co. conducts its business through its wholly-owned subsidiary IAS Operating Partnership L.P. Co. is externally managed and advised by Invesco Advisers, Inc., Co.'s manager, an indirect wholly-owned subsidiary of Invesco Ltd.

Preferreds: IVR.PRA, IVR.PRB, IVR.PRC


Open the IVR Page at Preferred Stock Channel »

Name:  Invesco Mortgage Capital Inc
Website:  www.invescomortgagecapital.com
Sector:  REITs
Number of ETFs Holding IVR:  58 (see which ones)
Total Market Value Held by ETFs:  $702,220,243
Total Market Capitalization:  $2,479,000,000
% of Market Cap. Held by ETFs:  28.33%
 

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