Invesco Mortgage Capital raises $367M

Real estate investment trust Invesco Mortgage Capital said on Thursday it received $367.4 million in gross proceeds from a common stock offering.

Invesco Mortgage Capital, a unit of Atlanta-based Invesco Ltd., sold 20 million shares at a per share price of $18.37, a 4.8 percent discount from Wednesday’s closing share price.

The company said the funds will be used to acquire additional residential and commercial mortgage-backed securities, mortgage loans and for other purposes.

The gross proceeds do not include costs related to the stock offering.

About the Author

The AJC Interview: Rivian CEO RJ Scaringe on the EV maker and its future

The CEO told the AJC editorial board that the need to ramp up production is why Georgia is such a critical part of Rivian’s plan to rival Tesla.

‘Big, beautiful bill’ passage dims outlook for Georgia’s clean energy sectors

Georgia has been one of the top states for solar and electric vehicle manufacturing investment. Some warn that's at risk after passage of the "one big, beautiful bill."

Analysts warn Georgia Power bills will rise if PSC approves data center buildout

Analysts are warning Georgia Power's residential customers could see monthly bills jump $20 or more if state regulators approve the company's planned data center expansion.

The Latest

Credit: TNS

In the market for a luxury vehicle? You might reconsider Lincoln.

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

Featured

Credit: Arvin Temkar/AJC

Analysts warn Georgia Power bills will rise if PSC approves data center buildout

Analysts are warning Georgia Power's residential customers could see monthly bills jump $20 or more if state regulators approve the company's planned data center expansion.

GHSA suspends 39 Gainesville football players for brawl that ended playoff game

The Gainesville-Brunswick game was discontinued with 1:57 left in the third quarter when the fight began. Gainesville was leading 42-0.

Here’s when metro Atlanta interstates will be busiest this holiday week

Experts say more than 2 million Peach State residents will travel by car for Thanksgiving.