ATLANTA--(BUSINESS WIRE)--
Invesco Mortgage Capital Inc. (NYSE: IVR) (the "Company") today
announced that the underwriters of its initial public offering ("IPO")
have exercised their over-allotment option in part to purchase an
additional 311,200 shares of the Company's common stock ("Additional
Shares") at the offering price of $20.00 per share. The over-allotment
option was granted in connection with the Company's IPO of 8.5 million
shares that was completed on July 1, 2009.
As previously disclosed, concurrent with the IPO, the Company completed
two private placements, consisting of (i) 75,000 shares of common stock
at $20.00 per share to Invesco Institutional (N.A.), Inc., a subsidiary
of Invesco Ltd., and (ii) 1,425,000 limited partnership units in its
subsidiary IAS Operating Partnership LP to a subsidiary of Invesco Ltd.
Total proceeds from the private placements were $30.0 million.
The Company received proceeds of approximately $6.1 million from the
sale of the Additional Shares, net of additional underwriting discounts
and commissions paid to the underwriters. At the completion of the
offering, after giving effect to the partial exercise of the
over-allotment option and the private placements, the Company has sold a
total of approximately 8.9 million shares of common stock and raised
approximately $201.1 million in net proceeds.
In connection with the IPO, Credit Suisse and Morgan Stanley served as
joint book-running managers. Barclays Capital, Keefe, Bruyette & Woods,
Stifel Nicolaus, Jackson Securities, Siebert Capital Markets and The
Williams Capital Group, L.P. acted as co-managers.
A registration statement relating to these securities has been declared
effective by the Securities and Exchange Commission. This press release
does not constitute an offer to sell or the solicitation of an offer to
buy the shares of common stock or any other securities, nor will there
be any sale of the shares of common stock or any other securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities
laws of such state or jurisdiction. Any offer, if at all, will be made
only by means of a prospectus forming a part of the effective
registration statement.
Interested persons may obtain copies of the prospectus from Credit
Suisse Securities (USA) LLC, One Madison Avenue, New York, NY
10010-3629, Attention: Prospectus Department, or by calling
1-800-221-1037, or Morgan Stanley & Co, 180 Varick Street, 2nd
Floor, New York, New York 10014, Attention: Prospectus Department, or by
calling 1-866-718-1649.
About Invesco Mortgage Capital Inc.
Invesco Mortgage Capital Inc. is a real estate investment trust that
focuses on financing and managing residential and commercial
mortgage-backed securities and mortgage loans. Invesco Mortgage Capital
Inc. is externally managed and advised by Invesco Institutional (N.A.),
Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), a leading independent
global investment management company. Additional information is
available at www.invescomortgagecapital.com.
Source: Invesco Mortgage Capital Inc.
Contact: Invesco Mortgage Capital Inc.
Investor Relations:
Donald Ramon, 404-439-3228
or
Media Relations:
Bill Hensel, 404-479-2886