Invesco Mortgage Capital has completed its public offering of 900,000 shares of common stock, raising $187 million -- cash that will be used for mortgage-related investments. Using leverage, the REIT will purchase loans and residential and commercial mortgage-backed securities. The real estate investment trust also plans to use the net proceeds for general corporate purposes. Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. Inc. acted as joint book-running managers for the offering. Keefe Bruyette & Woods, Inc., Stifel, Nicolaus & Company, Incorporated and JMP Securities LLC served as co-managers.
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