Invesco Mortgage Capital Inc | 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (IVR.PRC)

Prospectus excerpt:  We are offering to the public 10,000,000 shares of our 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share which we refer to in this prospectus supplement as the Series C Preferred Stock. This is the initial issuance of the Series C Preferred Stock. From, and including, the date of issuance to, but not including, September 27, 2027, we will pay cumulative dividends on the Series C Preferred Stock at an initial rate of 7.50% per annum based on the $25.00 per share liquidation preference, equivalent to $1.875 per share. From, and including, September 27, 2027 and thereafter, we will pay cumulative dividends on the Series C Preferred Stock at a floating rate equal to three-month LIBOR (as defined herein) as calculated on each applicable date of determination (as defined herein) plus a spread of 5.289% per annum based on the $25.00 per share liquidation preference. We will pay quarterly cumulative dividends on the Series C Preferred Stock, in arrears, on the 27th day of each March, June, September and December (provided that if any dividend payment date is not a business day, then the dividend which would otherwise have been payable on that dividend payment date may be paid on the next succeeding business day). The first dividend on the Series C Preferred Stock sold in this offering will be payable on December 27, 2017 and will be for more than a full quarter, covering the period from, and including, the date of issuance to but not including December 27, 2017, in the amount of $0.68229 per share.

Full Prospectus PDF », IVR Page »

Alternate symbology:IVR-C, IVR-PC, IVRprC
Call Date:9/27/2027
Shares Offered:10,000,000
Liquidation Preference:$25
Recent Market Price:$20.71
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-4.29 (-17.16%)
Annualized Dividend:1.875
Recent Ex-Date:6/2/2022
Current Yield:9.05%
Original Coupon:7.50%
Pay Period:Quarterly
Pay Dates:27-Mar, 27-Jun, 27-Sep, 27-Dec
CDx3 Compliance Rating: Learn IVR.PRC's Rating
Invesco Mortgage Capital is a holding company and a real estate investment trust. Co. is primarily focused on investing in, financing and managing 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.


Open the IVR Information Page »
Invesco Mortgage Capital Inc
Number of ETFs Holding IVR: 
48 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Invesco Mortgage Capital Inc | 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock (IVR.PRC) Information Page | Preferred Stock Channel |

Copyright © 2010 - 2022, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.