other_material
confidence high
sentiment neutral
materiality 0.50
Invesco Mortgage Capital enters new at-the-market equity program for up to 25M shares
Invesco Mortgage Capital Inc.
- New equity distribution agreement with BTIG, Citizens JMP, Janney Montgomery, JonesTrading for up to 25M common shares.
- Prior August 2024 ATM agreement terminated; ~11.4M of 18M authorized shares had been sold.
- Placement agents receive compensation up to 2% of gross proceeds from any sales.
- Company is not obligated to sell any shares; sales will be at market prices in ordinary brokers' transactions.
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