Business
Business

Invesco Mortgage Capital raises $367M

By
Aug 18, 2011

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

J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.

Follow J. Scott Trubey on twitter
More Stories

Keep Reading

Among the many companies that could be affected by passage of the Trump bill is Qcells, the Korean-owned solar giant with a massive manufacturing presence in Georgia and just over 4,000 employees. (Miguel Martinez/AJC)

Credit: Miguel Martinez-Jimenez

‘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."

Amid UPS struggles, shipper makes first-ever plans to offer buyouts to drivers

UPS said in a written statement it is navigating “an unprecedented business landscape.”

Firework shows: Inside the hours of work that go into your ‘oohs’ and ‘aahs’

What goes into the fireworks displays you'll enjoy around metro Atlanta this weekend? A ton of work, according to pyrotechnic pros who design and execute shows in Georgia.

The Latest

Home Depot plans to buy all GMS shares through a cash tender offer. (Wilfredo Lee/AP 2021)

Credit: AP

Home Depot makes $5.5B acquisition to increase business with pro contractors

Atlanta’s TNT Sports will no longer produce NBA TV programming

New site being studied for restaurants next to Mercedes-Benz Stadium

Featured

UPS driver Dan Partyka delivers an overnight package. As more people buy more goods online, the rapid and unrelenting expansion of e-commerce is causing real challenges for the Sandy-Springs based company. (Bob Andres/AJC 2022)

Credit: TNS

Amid UPS struggles, shipper makes first-ever plans to offer buyouts to drivers

UPS said in a written statement it is navigating “an unprecedented business landscape.”

Kneeling man impaled by giant straw? Towering mural leaves public mystified.

A towering mural on the side of the Connally Hotel has mystified Atlanta since 2011. Who is the kneeling man, and what's piercing him? Is it a beam of light? A drinking straw?

OPINION

I just graduated college. Will I be able to buy a house like my parents did?

A recent college grad asks: Am I going to be able to buy a home like my parents did less than 30 years ago?