Invesco Mortgage Capital redeems all Series B Preferred stock and ends equity distribution agreement

Invesco Mortgage Capital Inc.

Redeemed all 4,247,989 outstanding Series B Preferred shares at $25.00/share plus accrued dividends on Dec 27, 2024.
Board approved reclassification of authorized but unissued Series B Preferred shares as undesignated preferred stock via Articles Supplementary.
Terminated Equity Distribution Agreement with JonesTrading as Agent; no penalties incurred and no shares ever sold under the agreement.
Redemption and termination were previously announced; completion marks definitive corporate actions.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Invesco Mortgage Capital Inc.: Reclassification of all authorized but unissued shares of Series B Preferred Stock as undesignated Preferred Stock, following redemption of the series (effective 2024-12-27).

Change: charter amendment
Effective: 2024-12-27

Exact text from the filing

the Company’s board of directors has approved the reclassification of all of the authorized but unissued shares of Series B Preferred Stock as shares of Preferred Stock without designation as to class or series

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Invesco Mortgage Capital Inc. filing history →

Source: SEC EDGAR

accession 0001437071-24-000043

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