Invesco Mortgage Capital enters new ATM equity distribution agreement for up to 16M shares

Invesco Mortgage Capital Inc.

Up to 16,000,000 shares of common stock may be sold via JMP Securities and JonesTrading.
Placement agents receive up to 2.00% of gross proceeds from any sales.
Sales may be made at market prices on NYSE or in negotiated transactions.
Company is not obligated to sell any shares; no assurance of sales given.
Prior ATM program exhausted as of December 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Invesco Mortgage Capital Inc. entered into Equity Distribution Agreement with JMP Securities LLC and JonesTrading Institutional Services LLC (effective 2023-02-23).

Action: entry
Agreement: atm program
Counterparty: JMP Securities LLC and JonesTrading Institutional Services LLC
Effective: 2023-02-23

Exact text from the filing

On February 23, 2023, the Company, IAS Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”), and Invesco Advisers, Inc., a Delaware corporation (the “Manager”), entered into an equity distribution agreement (the “Equity Distribution Agreement”) with JMP Securities LLC and JonesTrading Institutional Services LLC (the “Placement Agents"), pursuant to which the Company may sell up to 16,000,000 shares of Common Stock

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Invesco Mortgage Capital Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-046682

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