Invesco Mortgage Capital Inc. Announces Pricing for Public Offering of Common Stock | 05/27/2021 | Press releases


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ATLANTA , May 27, 2021 / PRNewswire / – Invesco Mortgage Capital Inc. (the “Company”) (NYSE: IVR) today announced the pricing of its public offering of 37.5 million common shares, resulting in gross proceeds of approximately $ 128,625 million , before deduction of any underwriting fee or estimated offering costs. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to 5.625 million common shares of the Company. The offering is expected to close on June 1, 2021 .

(PRNewsfoto / Invesco Mortgage Capital Inc.)


The Company intends to use the net proceeds of this offering to pay the previously announced redemption of the issued and outstanding shares of the Company’s 7.75% Series A cumulatively redeemable preferred stock. $ 0.01 par value per share, and to use any remaining net proceeds for general corporate purposes, which may include repayment of maturing liabilities, capital expenditures and working capital.

Credit Suisse, Morgan Stanley & Co. LLC, BofA Securities, JMP Securities LLC and JonesTrading Institutional Services LLC are acting as joint book-running managers for the offering.

The company is executing the offering based on an effective registration statement dated form S-3ASR February 27, 2019 (Commission file No. 333-229917). The offering is being made in accordance with the Prospectus Supplement and associated base prospectus filed with the Securities and Exchange Commission (the “SEC”). Before investing, you should read the prospectus supplement, prospectus and other documents the Company has filed with the SEC for more complete information about the Company and this offering. These documents are available for free on EDGAR’s SEC website at www.sec.gov . Copies of the final prospectus supplement, if available, and the accompanying prospectus can also be obtained by contacting:

Credit Suisse Securities ( USA ) LLC

Attn: prospectus department

6933 Louis Stephens Drive

Morrisville, North Carolina 27560

By phone: 1-800-221-1037

By email: usa.prospectus@credit-suisse.com

This announcement does not constitute an offer to sell or the solicitation of an offer to purchase securities of the Company, nor will any sale of securities take place in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration. or qualification under the securities laws of such state or jurisdiction.

About Invesco Mortgage Capital Inc.

Invesco Mortgage Capital Inc. is a real estate mutual fund that focuses primarily on investing in, financing and managing mortgage-backed securities and other mortgage-related assets. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a registered investment adviser and an indirect wholly owned subsidiary of Invesco Ltd., a leading independent global wealth management company.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain statements and information that constitute “forward-looking statements” within the meaning of the US securities laws as defined in the Private Securities Litigation Reform Act of 1995, as amended, and such statements are intended to be covered by the safe. port provided by the same. Forward-looking statements are subject to significant risks and uncertainties, many of which are difficult to predict and generally beyond the company’s control. These forward-looking statements contain information about the extent of the offering described above, the Company’s ability to complete such an offering on desired terms, if at all, and the use of its net proceeds, as well as any other statements than statements of historical fact. The words’ believe ‘,’ expect ‘,’ anticipate ‘,’ estimate ‘,’ plan ‘,’ continue ‘,’ plan ‘,’ project ‘,’ predict ‘or similar expressions and future or conditional verbs such as’ will , “” may, “” should “,” should “and” should “and any other statement that is necessarily dependent on future events are intended to identify forward-looking statements, although not all forward-looking statements may contain such words.

The forward-looking statements are based on management’s beliefs, assumptions and expectations about the future performance of the company, taking into account all information currently available. You should not place undue reliance on these forward-looking statements. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to the company. For example, the closing of the offer described above is subject to closing conditions customary in transactions of this type and may be delayed or not take place at all. Additionally, the net proceeds of the offering may not be used as indicated. Some of the other factors are described in the company’s most recent annual report on Form 10-K and subsequent filings, including the company’s quarterly report on Form 10-Q filed on May 5, 2021 , available on the SEC’s website at www.sec.gov , under the headings “Risk Factors”, “Forward-Looking Statements”, “Business” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” as applicable.

Any forward-looking statement speaks only as of the date it is made. New risks and uncertainties arise over time and it is not possible to predict those events or how they could affect the Company. Except as required by law, the company is under no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Relations Contact: Jack Bateman 404-439-3323

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SOURCE Invesco Mortgage Capital Inc.

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