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Invesco Mortgage Capital, 7.50% Fixed/Float Series C Cumul Red Preferred Stock
Ticker Symbol: IVR-C     CUSIP: 46131B506     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Invesco Mortgage Capital Inc., 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/27/2027 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 7.50% per annum ($1.875 per annum or $0.46875 per quarter) will be paid quarterly on 3/27, 6/27, 9/27 & 12/27 to holders of record on the record date that will be the fifth day of the month that the payment date falls (NOTE: the ex-dividend date is one business day prior to the record date). From 9/27/2027 and after at a floating rate equal to three-month LIBOR plus a spread of 5.289% per annum.

Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.

Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details).

This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
FixFloat
$1.88
$25.00
$25.00
9/27/2027
None
NF NF
4/23/2023
3/27, 6/27, 9/27 & 12/27
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (IVR)

Notes:  From the 10K filed May 9, 2023: The United Kingdom Financial Conduct Authority, which regulates LIBOR, announced that it will cease to publish three-month USD LIBOR settings on July 1, 2023. We do not currently intend to amend our Series B or Series C Preferred Stock to change the existing USD LIBOR cessation fallback language. We expect our Series B and Series C Preferred Stock to pay floating rate dividends using a SOFR-based rate in place of three-month LIBOR.

IPO - 8/9/2017 - 10.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: IVSOP    Changed: 8/21/2017
Market Value $ Million

Company's Online Information Links
HOME PAGE:     https://www.invescomortgagecapital.com/home/default.aspx
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address contactUs@invescomortgagecapital.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   1555 Peachtree Street, N.E., Suite 1800, Atlanta, GA 30309
Main Phone Number 404-892-0896
Fax Number Not Available
Investor Relations   Jack Bateman 404-439-3323
Toll Free Phone Number 800-241-5477
CEO - John M Anzalone CFO - Richard Lee Phegley Jr.


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