Invesco Mortgage Capital (IVR) Prices 15M Common Offering at $21/Share
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Invesco Mortgage Capital Inc. (NYSE: IVR) announced today that the public offering of 15,000,000 shares of its common stock has priced at $21.00 per share, resulting in gross proceeds of approximately $315 million, before deducting underwriting discounts and estimated offering costs. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of the Company's common stock. The offering is expected to close on January 28, 2013.
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 for other general corporate purposes.
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 for other general corporate purposes.
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