Invesco Mortgage Capital (IVR) raised $286.4 million through the sale of 12 million common shares Wednesday. Credit Suisse Securities and Morgan Stanley led the offering, with Keefe Bruyette & Woods, JMP Securities, and Wells Fargo Securities as co-managers. Invesco provided underwriters with an additional 1.8 million shares to cover over-allotments. The real estate investment trust plans to use proceeds to acquire residential and commercial mortgage-backed securities, other mortgage loans, and for general corporate purposes. The company is managed by Invesco Advisers, which is a unit of Atlanta-based, investment giant Invesco Ltd. (IVZ). Write to Jason Philyaw.
Invesco Mortage Capital sees $286.4m from offering
Most Popular Articles
Latest Articles
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Ginnie Mae admits only to core facts of the case, denying all allegations, “inferences, arguments, and legal conclusions” in the complaint.