Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, April 1, 4:47 PM

Slide #238. 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. Through its subsidiaries, Co. focuses on investing in, financing and managing mortgage-backed securities and other mortgage-related assets. Co. invests in the following: residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency or a federally chartered corporation; commercial mortgage-backed securities that are not guaranteed by a U.S. government agency or a federally chartered corporation; RMBS that are not guaranteed by a U.S. government agency or a federally chartered corporation; to-be-announced securities forward contracts; other real estate-related financing arrangements; and U.S. Treasury securities.


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Invesco Mortgage Capital Inc
Number of ETFs Holding IVR: 
47 (see which ones)
Total Market Value Held by ETFs: 
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% of Market Cap. Held by ETFs: 

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Preferred Stock Offerings - Slide 238 of 609 |

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