Invesco Mortgage Capital Closes Offering of 17.25M Shares, Sees Gross Proceeds of $362.2M


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Invesco Mortgage Capital Inc. (the"Company") (NYSE: IVR) today announced the completion of its public offeringof 15,000,000 shares of its common stock and issuance of 2,250,000 shares ofits common stock pursuant to the underwriters' full exercise of their optionto purchase additional shares.  The total offering of 17,250,000 sharesproduced gross proceeds of approximately $362.2 million, before deductingunderwriting discounts and estimated offering expenses.  The Company expects to use the net proceeds from this offering to makeadditional acquisitions of residential and commercial mortgage-backedsecurities and mortgage loans, on a leveraged basis, and for other generalcorporate purposes.

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Posted In: NewsOfferings