Invesco Public Offering To Help Finance MBS Purchases

Posted by Orb Staff on December 15, 2010 No Comments
Categories : FYI

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.

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