IVR - Invesco Mortgage Capital proposes 37.5M shares in stock offering

Invesco Mortgage Capital (IVR) trades 3.1% down after hours on intending to offer 37.5M shares in a public offering; underwriters granted 30-day option to purchase up to an additional 5.625M shares.Net proceeds to be used for paying the earlier announced redemption of the issued and outstanding shares of the company's 7.75% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share, and to use any remaining net proceeds for general corporate purposes.

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Invesco Mortgage Capital proposes 37.5M shares in stock offering