IVR-B Invesco Mortgage 7.75% Cumulative Fixed To Floating Rate Preferred Series B
From, and including, the date of issuance to, but excluding, December 27, 2024, we will pay cumulative dividends on the Series B Preferred Stock at an initial rate of 7.75% per annum based on the $25.00 per share liquidation preference, or $1.9375 per share. From, and including, December 27, 2024 and thereafter, we will pay cumulative dividends on the Series B Preferred Stock at a floating rate equal to three-month LIBOR (as defined herein) as calculated on each applicable date of determination plus a spread of 5.18% per annum based on the $25.00 per share liquidation preference. We will pay quarterly cumulative dividends on the Series B Preferred Stock, in arrears, on the 27th day of each March, June, September and December. The first dividend on the Series B Preferred Stock sold in this offering will be payable on December 27, 2014 and will be for more than a full quarter, covering the period from, and including, the date of issuance through but excluding December 27, 2014, or $0.57049 per share. On or after December 27, 2024, we may, at our option, redeem any or all of the shares of the Series B Preferred Stock at $25.00 per share plus any accumulated and unpaid dividends to, but not including, the redemption date. This security was issued by Invesco Mortgage Capital , whose common stock symbol is IVR.
$18.78 +0.45 (2.46%)
As of 03/24/2023 09:57:30 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: REIT—Mortgage
Index country: USA
Country of incorporation: USA
IPO date: 09/08/2014
Outstanding shares: 6,200,000
Average volume: 3,411
Market cap: $130,696,000
Current dividend yield: 9.19% calculation
Initial coupon rate: 7.750%
Spread to LIBOR: 0.051800
Cumulative: Yes
Liquidation value: $25.00
Callable after: 12/27/2024
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BQRNFJ7