Invesco Mortgage Capital Inc. announces public offering of common stock


ATLANTA, May 26, 2021 / PRNewswire / – Invesco Mortgage Capital Inc. (the “Company”) (NYSE: IVR) announced today that it plans to make a public offer for 37.5 million common shares. The Company will grant the underwriters a 30-day option to purchase up to 5.625 million common shares. The underwriters may from time to time offer the common stock to buyers directly or through agents, or through brokers in brokerage transactions on the NYSE, or in the over-the-counter market, or to dealers in negotiated transactions or in a combination. of such sales methods, at a fixed price or prices that are subject to change, or at market prices in effect at the time of sale, at prices related to such prevailing market prices or at negotiated prices.

The Company intends to use the net proceeds of this offering to pay for the previously announced redemption of the issued and outstanding shares of the Company’s 7.75% Series A cumulative redeemable preferred stock, par value $ 0.01 per share and 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 on Form S-3ASR dated February 27, 2019 (Commission File No. 333-229917). The offering will be made only by way of a prospectus supplement and an accompanying base prospectus that will be 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 will be available for free on EDGAR’s SEC website at Copies of the preliminary prospectus supplement and associated 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:

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 advisor and indirect wholly owned subsidiary of Invesco Ltd., a leading independent global wealth management firm.

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 the net proceeds thereof, as well as any other statements otherwise 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 pricing and closing of the offer described above are subject to market conditions and closing conditions that are common 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 May 5, 2021, which is available on the SEC’s website on, 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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