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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 9:27 AM

Slide #43. 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. invests in the following: residential mortgage-backed securities (RMBS) that are guaranteed by a U.S. government agency such as the Government National Mortgage Association or a federally chartered corporation such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; RMBS that are not guaranteed by a U.S. government agency; credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans; and other real estate-related financing arrangements.

Preferreds: IVR.PRA, IVR.PRB

Open the IVR Page at Ru Back Packer »

Name: Invesco Mortgage Capital Inc
Sector: REITs
Number of ETFs Holding IVR: 48 (see which ones)
Total Market Value Held by ETFs: $371,664,800
Total Market Capitalization: $1,843,000,000
% of Market Cap. Held by ETFs: 20.17%

Open the IVR Page at Ru Back Packer (in a new window) »

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