Invesco Mortgage will Offer 17M Shares at $20.15 Per Share

Invesco Mortgage Capital

today announced that the public offering of 17,000,000 shares of its common stock has priced at $20.15 per share for gross proceeds of approximately $342.6 million, before deducting underwriting discounts and estimated offering expenses.  In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,550,000 shares of the Company's common stock to cover over-allotments, if any.  The offering is expected to close on June 23, 2011. The Company expects to use the net proceeds from this offering to make additional acquisitions of residential and commercial mortgage-backed securities and mortgage loans, on a leveraged basis, and other general corporate purposes. Credit Suisse Securities (

) LLC and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering.