Invesco Mortgage Capital 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock

By: ,

Date Issued  8/9/2017

Shares Issued   10,000,000    Overallotment Shares  1,500,000

S&P Rating   NR    Moodys Rating   NR

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Security Ticker Symbol   IVR-C   OTC Temp Ticker  IVSOP

Market Traded ON   NYSE

Dividend Payment Paid on the 27th of March, June, September and December beginning on 12/27/2017

Quarterly Dividend   .469   Annual Dividend   1.875

Dividends will float after 9/27/2027 at a rate of 3 month libor plus 5.289%

Securities may be redeemed, at the issuers option, as early as 9/27/2027  the call price is $25 plus accrued dividends

Dividend Payment NOT will be Qualified Distributions (Preferred Stocks of REITs DO NOT pay Qualified Distributions)

Maturity Date   None

 

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Company Investor Relations Page for Invesco Mortgage

Click here to find the offering Prospectus and/or Final Pricing Document

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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