ATLANTA--(BUSINESS WIRE)--
Invesco Mortgage Capital Inc. (the "Company") (NYSE: IVR) today
announced that its previously announced public offering of 9,000,000
shares of its common stock has priced at $20.75 per share for gross
proceeds of $186,750,000. In addition, the Company has granted the
underwriters a 30-day option to purchase up to an additional 1,350,000
shares of the Company's common stock to cover over-allotments, if any.
The offering is expected to close on or about May 3, 2010.
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.
Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated
are acting as joint book-running managers for the offering. Keefe
Bruyette & Woods, Inc., Stifel, Nicolaus & Company, Incorporated and JMP
Securities LLC are serving as co-managers.
A registration statement relating to these securities has been declared
effective by the Securities and Exchange Commission (the "SEC"). The
offering is being made only by means of a prospectus. This press release
shall not constitute an offer to sell, or a solicitation of an offer to
buy, nor shall there be any sale of the Company's securities in any
state or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of such state or jurisdiction.
Copies of the final prospectus may be obtained by contacting:
Credit Suisse Securities (USA) LLC Morgan Stanley & Co. Incorporated
One Madison Avenue 180 Varick Street, 2nd Floor
New York, New York 10010 New York, New York 10014
Attention: Prospectus Department Attention: Prospectus Department
or by calling 1-800-221-1037 or by calling 1-866-718-1649
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy any securities of the Company, nor shall
there be any sale of securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
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 Advisers, Inc., a
subsidiary of Invesco Ltd. (NYSE: IVZ), a leading independent global
investment management company. Additional information is available at www.invescomortgagecapital.com.
Cautionary Notice Regarding Forward-Looking Statements
This release may include statements and information that constitute
"forward-looking statements" within the meaning of section 27A of the
Securities Act of 1933, as amended, and section 21E of the Securities
Exchange Act of 1934, as amended, and we intend such forward-looking
statements to be covered by the safe harbor provisions therein and are
including this statement for purposes of invoking these safe harbor
provisions. Forward-looking statements include statements with respect
to our beliefs, plans, objectives, goals, targets, expectations,
anticipations, assumptions, estimates, intentions and future
performance. In addition, words such as "will," "expects" and "plans,"
as well as any other statement that necessarily depends on future
events, are intended to identify forward-looking statements.
Forward-looking statements are not guarantees, and they involve risks,
uncertainties and assumptions. There can be no assurance that actual
results will not differ materially from our expectations. We caution
investors not to rely unduly on any forward-looking statements and urge
you to carefully consider the risks identified under the captions "Risk
Factors," "Forward-Looking Statements" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
registration statement on Form S-11 (Commission File No. 333-166093), as
amended, our annual report on Form 10-K and quarterly reports on Form
10-Q, which are available on the SEC's website at www.sec.gov.
All written or oral forward-looking statements that we make, or that are
attributable to us, are expressly qualified by this cautionary notice.
We expressly disclaim any obligation to update the information in any
public disclosure if any forward-looking statement later turns out to be
inaccurate, except as required by law.
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