other material
confidence high
sentiment neutral
materiality 0.60
Invesco Mortgage Capital increases authorized common stock and enters new equity distribution agreement
Invesco Mortgage Capital Inc.
- Board authorized increase of authorized common shares from 67M to 134M, effective August 8, 2024.
- Entered equity distribution agreement with BTIG, Citizens JMP, JonesTrading to sell up to 18M shares of common stock.
- Placement agents will receive up to 2.00% of gross proceeds from sales under the ATM program.
- Shares sold via ordinary brokers' transactions on NYSE or negotiated transactions at market prices.
- Company sold remaining shares from prior ATM program as of July 31, 2024.