Invesco Mortgage Capital Inc. - IVR STOCK NEWS

Invesco Mortgage Capital Inc. (NYSE: IVR) announced the redemption of all 5.6 million outstanding shares of its 7.75% Series A Cumulative Redeemable Preferred Stock on June 16, 2021. Shareholders will receive a cash redemption price of $25.00 per share, plus any unpaid dividends from April 26, 2021 up to the redemption date. The shares will be redeemed through the Depository Trust Company, with Computershare Trust Company N.A. serving as the redemption agent. Dividends will cease to accrue after the redemption date.

Invesco Mortgage Capital reported a net loss of $20.4 million for Q1 2021, translating to a loss of $0.09 per common share, a stark contrast to a net income of $111.6 million ($0.59 per share) in Q4 2020. Core earnings increased to $0.11 per share from $0.10. The book value per share fell to $3.65 from $3.86 due to rising interest rates impacting Agency RMBS valuations. The company maintained a dividend of $0.09 per common share. Economic returns dropped to (3.1%) from 13.5%. Total assets grew to $9.3 billion, and total borrowings rose to $8.3 billion.

Invesco Mortgage Capital Inc. (NYSE: IVR) will release its first quarter 2021 results on May 5, 2021, after market close. A conference call is scheduled for May 6, 2021, at 9:00 a.m. ET, featuring key executives including CEO John Anzalone and CFO Lee Phegley. Investors can access the audio webcast through the company's website. A replay will be available until May 20, 2021. Invesco Mortgage Capital primarily invests in mortgage-backed securities and related assets, managed by Invesco Advisers, Inc.

Invesco Mortgage Capital has declared a quarterly cash dividend of $0.09 per share for Q1 2021. The dividend payment is scheduled for April 27, 2021, with a record date of April 9, 2021 and an ex-dividend date of April 8, 2021. As a real estate investment trust, Invesco focuses on investing in and managing mortgage-backed securities. This announcement reflects the company's commitment to returning value to its shareholders amidst a volatile economic environment.

Invesco Mortgage Capital Inc. (NYSE: IVR) announced its 2021 Annual Meeting of Stockholders will take place virtually on May 4, 2021, at 2:00 p.m. ET, due to COVID-19 precautions. Stockholders of record as of March 4, 2021, can participate by logging in to the designated meeting website. A voter control number is required for registered stockholders to vote and ask questions. Instructions for advance registration will be provided in the upcoming proxy statement, expected on March 18, 2021.

Invesco Mortgage Capital reported a net income of $111.6 million or $0.59 per common share for Q4 2020, up from $96.9 million in Q3 2020. The core earnings rose to $0.10 per share, a significant increase from $0.06 in Q3. Book value per share increased by 11.2% to $3.86. The company raised its dividend to $0.08 per share. The economic return for the quarter was 13.5%. Total average assets grew to $7.7 billion, reflecting increased investments in Agency RMBS as part of the portfolio reallocation after COVID-19 disruptions.

Invesco Mortgage Capital Inc. (NYSE: IVR) will announce its fourth quarter 2020 results on February 22, 2021, after market close. A conference call to discuss these results is scheduled for February 23, 2021, at 9:00 a.m. ET. Key executives participating include CEO John Anzalone and CFO Lee Phegley. Interested parties can access the presentation on the company's website or join the conference call via toll-free and international numbers provided in the release. An audio replay will be available until March 9, 2021.

Invesco Mortgage Capital Inc. (NYSE: IVR) has announced the upsizing and pricing of its public offering of 24 million shares at $3.83 per share, generating approximately $91.9 million in gross proceeds. The offering is set to close on February 4, 2021, and includes a 30-day option for underwriters to purchase an additional 3.6 million shares. The net proceeds will be utilized for purchasing assets in target classes and general corporate purposes. BofA Securities and JMP Securities are managing the offering.

Invesco Mortgage Capital plans to publicly offer 22 million shares of its common stock, with a 30-day option for underwriters to purchase an additional 3.3 million shares. The proceeds will be directed toward purchasing assets within target classes, ensuring compliance with REIT qualification, and for other corporate purposes. The offering is being managed by BofA Securities and JMP Securities, following an effective registration statement. Investors are advised to review the prospectus supplement filed with the SEC for complete details.