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Hold (1.67 out of 4)
0th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, March 28, 8:27 PM
Slide #248. 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. 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: |
23 (see which ones) |
Total Market Value Held by ETFs: |
$69,016,067 |
Total Market Capitalization: |
$450,000,000 |
% of Market Cap. Held by ETFs: |
15.34% |
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Open the IVR Page at Preferred Stock Channel (in a new window) »
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