The board of directors of Mortgage Capital Inc (NYSE: IVR) declared a dividend of $0.09/share for Q2 2021.
The company set July 2, 2021, as the ex-dividend date. It will pay the dividend to shareholders on July 27, 2021.
In the pre-market hours, the company’s shares trade at $3.93 (up 0.26%) on June 30, 2021. Its shares gained 15.63% in the past month.
Raises $128.625 million
Invesco Mortgage will raise $128.625 million by offering its 37.5 million shares through an IPO. The company also granted a 30-day window allowing underwriters to buy additional 5.625 million shares.
Invesco appointed JMP Securities LLC, BofA Securities, Morgan Stanley & Co. LLC, Credit Suisse, and JTIS (JonesTrading Institutional Services) as the joint book-running managers for the IPO. The company will use the proceeds to pay for the redemption of outstanding and issued common shares.
The company reported $0.11/ share of core earnings in Q1 2021.
On May 17, 2021, Invesco announced plans to redeem 5.6 million shares each at $0.01/share on June 16, 2021. Its shares under the Series A preferred stock trades under the ticker IVR PrA on the New York Stock Exchange.
The US SEC Grants Allowance For Delayed Submission Of Quarterly Report Social Capital Hedosophia Hldgs Corp VI (NYSE: IPOF)
The acting director (Corp Finance) and acting CA of the US SEC approved Social Capital Hedosophia Hldgs Corp VI (NYSE: IPOF) to file the report for the quarter ending March 31, 2021. It is on the backdrop the company could not file the report within the due date.
According to a notice received on May 25, 2021, from the NYSE, Social Capital lost compliance with the NYSE Listed Company Manual’s Section 802.01E.
As per section 802.01E, the companies listed on the NYSE need to submit a report on time.
Social Capital needs to file the report before November 24, 2021, to regain NYSE compliance.
If the company fails to submit the report even by this date, NYSE may grant a further extension at its discretion. NYSE is at liberty to begin the delisting process of Social Capital shares.
Social Capital is a capital check company. It plans to take over more assets and businesses through acquiring assets, reorganization, stock purchase, and mergers.