Property
See filing
Invesco Mortgage Capital Inc.
Invesco Mortgage Capital Inc. disclosed that financing counterparties alleged events of default and sold pledged securities with an aggregate market value of approximately $3.5 billion as of April 1, 2020, with an additional $1.9 billion sold between April 1 and April 14, 2020. The Company estimated approximately $71 million in net cash proceeds from these forced sales. The disclosures relate to margin calls and collateral liquidations driven by COVID-19 market disruptions affecting the Company's agency and non-agency MBS portfolio. No specific property collateral, LTV, coupon, or maturity terms were described. Borrower: Invesco Mortgage Capital Inc.. Filer: Invesco Mortgage Capital Inc. (8-K). Source: https://www.sec.gov/Archives/edgar/data/1437071/000119312520110832/d913052d8k.htm