trending Market Intelligence /marketintelligence/en/news-insights/trending/cYgGFRrdRcb4GixtB6ECXQ2 content esgSubNav
In This List

Invesco Mortgage to issue 3 tranches of preferred stock

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


Invesco Mortgage to issue 3 tranches of preferred stock

Invesco Mortgage Capital Inc., IAS Operating Partnership LP and Invesco Advisers Inc. entered into an equity distribution agreement with JonesTrading Institutional Services LLC for the sale of 3 tranches of preferred stock.

Under the agreement, Invesco Mortgage may sell up to 1.5 million shares of its 7.75% series A cumulative redeemable preferred stock, 1.5 million shares of its 7.75% fixed-to-floating series B cumulative redeemable preferred stock and 4 million shares of its 7.50% fixed-to-floating series C cumulative redeemable preferred stock.

The company intends to use the net proceeds to repay debt or for other general corporate purposes.