other_material
confidence high
sentiment neutral
materiality 0.40
Invesco Commercial REIT sells 1.28M shares for ~$32.4M in private placement
Invesco Commercial Real Estate Finance Trust, Inc.
- Sold 1,020,456 Class S-1 shares at $25.1279/share for ~$25.8M, including $185K commissions.
- Sold 260,065 Class I shares at $25.0937/share for $6.5M with no selling commissions.
- Issued 52,637 Class E shares to Invesco Advisers for $1.35M as quarterly management fee.
- Total cash consideration from the share sales was approximately $32.4M.
- All sales were exempt under Section 4(a)(2) of the Securities Act (private placement).
item 3.02