Invesco Public Offering To Help Finance MBS Purchases

Invesco Mortgage Capital Inc., a real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans, plans to make a public offering of 8.7 million shares of its common stock.

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.

Bank of America Merrill Lynch and Wells Fargo Securities are acting as joint book-running managers for the offering.

SOURCE: Invesco Mortgage Capital Inc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here