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.

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Source Fool.com