Invesco Mortgage Capital Inc. (NYSE: IVR) announced today that the public offering of 14 million shares of its common stock has priced at $15.73 per share, resulting in gross proceeds of $220.2 million, before deducting underwriting discounts and estimated offering expenses. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 2.1 million shares of the Company's common stock. The offering is expected to close on February 7, 2019.

The Company expects to use the net proceeds from this offering to purchase assets within its target asset classes, subject to its investment guidelines and to the extent consistent with maintaining its REIT qualification, and other general corporate purposes.

Morgan Stanley, Citigroup and Credit Suisse are acting as joint book-running managers for the offering.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.