Invesco Mortgage Capital Inc
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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap ValueCompany profile

Invesco Mortgage Capital Inc. is a holding company, which conducts its businesses through IAS Operating Partnership LP (the Operating Partnership) and subsidiaries. The Company's objective is to provide risk-adjusted returns to its investors through dividends and through capital appreciation. It invests in residential mortgage-backed securities that are guaranteed by the United States Government agency, such as the Government National Mortgage Association or a federally chartered corporation, such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation (collectively Agency RMBS); RMBS that are not guaranteed by the United States Government agency; Credit risk transfer securities that are unsecured obligations issued by government-sponsored enterprises; commercial mortgage-backed securities; residential and commercial mortgage loans, and other real estate-related financing arrangements. It is externally managed and advised by Invesco Advisers, Inc.

Closing Price
$27.37
Day's Change
-0.11 (-0.40%)
Bid
--
Ask
--
B/A Size
--
Day's High
27.45
Day's Low
27.10
Volume
(Average)
Volume:
8,147

10-day average volume:
7,586
8,147

UPDATE: Berkshire Hathaway commits to $10 bln equity investment in Occidental to buy Anadarko

9:03 am ET April 30, 2019 (MarketWatch)
Print

Occidental Petroleum Corp. (OXY) said Tuesday that Berkshire Hathaway Inc. (BRKA) has committed to an equity investment of $10 billion to help the energy company finance its proposed acquisition of Anadarko Petroleum Corp. (APC). Occidental is in talks with Anadarko on a takeover, putting it in competition with Chevron Corp., which recently entered its own merger agreement with Anadarko. On Monday, Anadarko confirmed the talks and said the Occidental offer seemed superior to Chevron's. Berkshire, the investment vehicle of billionaire investor Warren Buffett, will receive 100,000 shares of Cumulative Perpetual Preferred Stock with a liquidation value of $100,000 per share, together with a warrant to purchase up to 80.0 million shares of Occidental common stock at an exercise price of $62.50 per share, Occidental said in a statement. Occidental and Anadarko shares were slightly higher premarket.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 30, 2019 09:03 ET (13:03 GMT)

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