Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Invesco Mortgage Capital Is Floating a $92 Million Stock Issue

TheMotleyFool

0 0

Invesco Mortgage Capital Is Floating a $92 Million Stock Issue

Invesco Mortgage Capital (NYSE: IVR) is tapping the stock market for a new round of fundraising. The mortgage real estate investment trust (mREIT) announced on Tuesday that it has priced an upcoming secondary common-stock issue at $3.83 per share.

The company will sell 24 million shares in the flotation, so if it goes according to plan, Invesco stands to raise $91.9 million in gross proceeds. Originally, it planned to issue only 22 million shares.

Image source: Getty Images.

Source Fool.com

Like: 0

IVR

Share