ATLANTA, March 22, 2011 /PRNewswire/ -- Invesco Mortgage Capital Inc. (the "Company") (NYSE: IVR) today announced that it has priced a public offering of 19,000,000 shares of its common stock. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 2,850,000 shares of the Company's common stock. The underwriters are offering the shares in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. The offering is expected to close on March 25, 2011.
The Company expects to use the net proceeds from this offering to make additional acquisitions of residential and commercial mortgage-backed securities and mortgage loans, on a leveraged basis, and other general corporate purposes.
Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Incorporated are acting as joint book-running managers for the offering.
The Company is conducting the offering pursuant to an effective registration statement on Form S-3 dated September 10, 2010 (Commission File No. 333-169104). The offering is being made only by means of a prospectus supplement and accompanying prospectus. Copies of the final prospectus supplement and accompanying prospectus, when available, may be obtained by contacting:
Credit Suisse Securities (USA) LLC
One Madison Avenue
New York, New York 10010
Attention: Prospectus Department
or by calling 1-800-221-1037
Morgan Stanley & Co. Incorporated
180 Varick Street, 2nd Floor
New York, New York 10014
Attention: Prospectus Department
or by calling 1-866-718-1649
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Invesco Mortgage Capital Inc.
Invesco Mortgage Capital Inc. is a real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), a leading independent global investment management company.
Cautionary Notice Regarding Forward-Looking Statements
This release may include statements and information that constitute "forward-looking statements" within the meaning of the U.S. securities laws. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance. In addition, words such as "will," "expects" and "plans," as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements.
Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks identified under the captions "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report filed on Form 10-K for the year ended December 31, 2010, which is incorporated by reference in the prospectus supplement and the accompanying prospectus and is available on the Securities and Exchange Commission's website at www.sec.gov.
All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.
SOURCE Invesco Mortgage Capital Inc.