Invesco Mortgage: Termination and Stock Reclassification Events

Invesco Mortgage ( (IVR) ) has issued an announcement.

Invesco Mortgage Capital Inc. announced the termination of its Equity Distribution Agreement, which allowed the company to offer and sell preferred stocks through an agent. The company did not sell any shares under this agreement and faces no penalties for the termination. Additionally, the company redeemed all outstanding shares of its Series B Preferred Stock, reclassifying the authorized but unissued shares to Preferred Stock without designation and completing the redemption on December 27, 2024.

More about Invesco Mortgage

Invesco Mortgage Capital Inc. is a company operating in the mortgage industry, focusing on offering and selling various series of cumulative redeemable preferred stocks.

YTD Price Performance: 6.44%

Average Trading Volume: 1,357,691

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $501.6M

For an in-depth examination of IVR stock, go to TipRanks’ Stock Analysis page.