Invesco Mortgage Capital (IVR) Registration Filing summary

Company overview and business model

• Focuses on investing in, financing, and managing mortgage-backed securities (MBS) and other mortgage-related assets, including agency and non-agency RMBS and CMBS.

• Operates as a REIT, aiming to provide attractive risk-adjusted returns primarily through dividends.

• Externally managed by Invesco Advisers, Inc., a subsidiary of Invesco Ltd.

• Finances investments mainly through short-term repurchase agreements, with additional financing from debt and equity issuances.

• Maintains REIT status by distributing at least 90% of taxable income annually and adhering to ownership and transfer restrictions.

Financial performance and metrics

• Registration statement incorporates by reference the Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent quarterly reports.

• Financial statements audited by PricewaterhouseCoopers LLP.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for new investments, debt repayment, or general corporate purposes, with specific allocations to be detailed in future prospectus supplements.