AUM and Flows - Record AUM at year-end of $1,349.9 billion compared to $1,218.2 billion at the end of Q3[8] - Average AUM of $1,278.2 billion compared to $1,206.2 billion in Q3[8] - Record gross long-term inflows of $91.6 billion compared to $71.9 billion in Q3[8] - Long-term net inflows of $9.8 billion, versus long-term net inflows of $7.8 billion in Q3[8] - Total ETF net inflows of $6.1 billion, including $4.7 billion in long-term ETF net inflows[8] Investment Performance - 55%, 58%, 61% and 70% of actively managed assets in top half of peer group on a 1-, 3-, 5-, and 10-year basis[8] Financial Results - Net revenues up 12.4% to $1,228.4 million from $1,092.5 million in Q3[8] - Adjusted operating income of $485.4 million compared to $406.7 million in Q3[8] - Adjusted operating margin increased to 39.5% in the quarter from 37.2% in Q3[8] - Adjusted diluted EPS increased to $0.72 versus $0.53 in Q3[8] Strategic Evaluation - Net savings of $200 million expected by the end of 2022, with $150 million (75%) of these savings to be achieved by the end of 2021[34]

Part I [Business](index=5&type=section&id=Item%201.%20Business) Invesco Mortgage Capital Inc. is a mortgage REIT externally managed by Invesco Advisers, Inc., focused on providing risk-adjusted returns through investments in mortgage-backed securities and other mortgage-related assets. - The company is a mortgage REIT focused on providing returns to stockholders primarily through dividends by investing in mortgage-related assets[17](index=17&type=chunk) - Due to unprecedented market conditions from the COVID-19 pandemic in the first half of 2020, the company sold a substantial portion of its MBS and GSE CRT portfolio to generate liquidity and reduce leverage[19](index=19&type=chunk) - Following the portfolio restructuring, the company has largely completed its reallocation, with approximately **98% of its investment portfolio** (excluding TBAs) invested in Agency RMBS by year-end 2020[19](index=19&type=chunk) - The company is externally managed by Invesco Advisers, Inc., an indirect wholly-owned subsidiary of Invesco Ltd., and has no employees of its own[17](index=17&type=chunk)[20](index=20&type=chunk) Target Asset Classes | Asset Class | Description | | :--- | :--- | | **Agency RMBS** | Residential MBS guaranteed by Ginnie Mae, Fannie Mae, or Freddie Mac | | **Agency CMBS** | Commercial MBS guaranteed by a U.S. government agency or federally chartered corporation | | **Non-Agency RMBS/CMBS** | Residential or Commercial MBS not guaranteed by a U.S. government agency | | **GSE CRT** | Unsecured credit risk transfer securities issued by government-sponsored enterprises | | **TBAs** | To-be-announced forward contracts to purchase Agency RMBS | | **Mortgage Loans** | Residential and commercial mortgage loans | [Risk Factors](index=13&type=section&id=Item%201A.%20Risk%20Factors) The company faces a multitude of risks, including market volatility, liquidity challenges, and margin calls, exacerbated by the COVID-19 pandemic, alongside investment, financing, hedging, and external management structure risks. - The COVID-19 pandemic has adversely affected the U.S. economy and the mortgage REIT industry, causing severe volatility, forced asset sales, and higher-than-historical levels of margin calls[74](index=74&type=chunk)[75](index=75&type=chunk) - The company's reliance on short-term repurchase agreements for financing creates significant risk, as market volatility can lead to margin calls, forcing asset sales at depressed prices to maintain liquidity[81](index=81&type=chunk)[82](index=82&type=chunk) - The planned discontinuation of LIBOR after 2021 presents a significant risk, as many of the company's investments, financing agreements, and preferred stock dividends are indexed to LIBOR, potentially affecting asset values, interest income/expense, and hedging effectiveness[115](index=115&type=chunk)[116](index=116&type=chunk) - The company's external management structure creates potential conflicts of interest, as the Manager and its affiliates manage other funds and accounts that may compete for the same investment opportunities[176](index=176&type=chunk)[177](index=177&type=chunk) - Failure to maintain qualification as a REIT would subject the company to corporate income tax, significantly reducing cash available for distribution to stockholders, requiring ongoing compliance with complex asset, income, and distribution tests[199](index=199&type=chunk)[201](index=201&type=chunk) [Unresolved Staff Comments](index=39&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports that it has no unresolved staff comments from the Securities and Exchange Commission. - As of the report date, there are no unresolved staff comments[247](index=247&type=chunk) [Properties](index=39&type=section&id=Item%202.%20Properties) The company's principal executive office is located in Atlanta, Georgia, with office space and services provided by the Manager as part of the management agreement. - The company's principal executive office is located at 1555 Peachtree Street, NE, Suite 1800, Atlanta, Georgia 30309[248](index=248&type=chunk) - Office space is provided by the Manager under the management agreement[248](index=248&type=chunk) [Legal Proceedings](index=39&type=section&id=Item%203.%20Legal%20Proceedings) As of December 31, 2020, the company was not involved in any material legal proceedings arising outside the ordinary course of business. - The company was not involved in any material legal proceedings as of December 31, 2020[249](index=249&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=40&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on the NYSE under the symbol "IVR", and a performance graph shows a significant decline in its cumulative total return in 2020 compared to relevant indices. - The company's common stock is traded on the New York Stock Exchange (NYSE) under the symbol "IVR"[252](index=252&type=chunk) 5-Year Cumulative Total Return Comparison | Index | 12/31/2015 | 12/31/2019 | 12/31/2020 | | :--- | :--- | :--- | :--- | | **Invesco Mortgage Capital Inc.** | $100.00 | $207.29 | $50.57 | | **S&P 500** | $100.00 | $171.49 | $203.04 | | **FTSE NAREIT Mortgage REITs** | $100.00 | $174.05 | $141.38 | - As of December 31, 2020, **18,163,982 common shares** were available for repurchase under the company's share repurchase program, with no shares repurchased in the quarter ended December 31, 2020[258](index=258&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=41&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In 2020, the company's financial condition and operations were severely impacted by the COVID-19 pandemic, leading to a net loss of **$1.7 billion** and a significant drop in book value per share, as the portfolio was repositioned to be **98% invested in Agency RMBS**. - In response to the COVID-19 pandemic and resulting margin calls in March 2020, the company sold a substantial portion of its portfolio to generate liquidity and reduce leverage[265](index=265&type=chunk) - The company resumed investing in July 2020, reallocating its portfolio to be approximately **98% invested in Agency RMBS** by year-end[266](index=266&type=chunk) Key Financial Results (Years Ended Dec 31) | Metric ($ in thousands, except per share) | 2020 | 2019 | | :--- | :--- | :--- | | Net Interest Income | $197,904 | $306,047 | | Gain (Loss) on Investments, net | ($961,938) | $624,466 | | Gain (Loss) on Derivative Instruments, net | ($851,050) | ($534,755) | | **Net (Loss) Income Attributable to Common Stockholders** | **($1,718,778)** | **$319,675** | | **(Loss) Earnings Per Share (Diluted)** | **($9.89)** | **$2.42** | Book Value Per Common Share | Date | Book Value Per Share | | :--- | :--- | | Dec 31, 2019 | $16.29 | | Dec 31, 2020 | $3.86 | - The company's economic debt-to-equity ratio, a non-GAAP measure that includes off-balance sheet TBA financing, was **6.6x** as of December 31, 2020[407](index=407&type=chunk)[410](index=410&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=69&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risks include interest rate, prepayment, spread, and market value risks, which are managed through asset selection, liability management, and derivatives, though the COVID-19 pandemic has heightened these risks. - The company's main market risks include interest rate, principal prepayment, market value, spread, real estate, and credit risk[447](index=447&type=chunk)[455](index=455&type=chunk)[457](index=457&type=chunk)[461](index=461&type=chunk)[467](index=467&type=chunk)[468](index=468&type=chunk) - The company uses derivative contracts, primarily interest rate swaps, to mitigate interest rate risk associated with its short-term repurchase agreement financing[449](index=449&type=chunk) Interest Rate Sensitivity Analysis (as of Dec 31, 2020) | Change in Interest Rates | Percentage Change in Projected Net Interest Income | Percentage Change in Projected Portfolio Value | | :--- | :--- | :--- | | +1.00% | 29.73% | (1.91)% | | +0.50% | 20.76% | (0.61)% | | -0.50% | (23.01)% | (0.73)% | | -1.00% | (46.95)% | (1.59)% | - The COVID-19 pandemic has exacerbated market risks, causing significant credit spread widening and making it more difficult to predict prepayment levels[456](index=456&type=chunk)[458](index=458&type=chunk) [Financial Statements and Supplementary Data](index=72&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section indicates that the company's audited consolidated financial statements and supplementary data are included under Item 15 of the report. - The financial statements and supplementary data are included under Item 15 of this Form 10-K[472](index=472&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=72&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure. - There were no disagreements with accountants on accounting and financial disclosure[473](index=473&type=chunk) [Controls and Procedures](index=72&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures and internal control over financial reporting were effective as of December 31, 2020, a conclusion affirmed by the independent auditor. - Management concluded that the company's disclosure controls and procedures were effective as of December 31, 2020[474](index=474&type=chunk) - Management assessed internal control over financial reporting using the COSO framework and concluded it was effective as of December 31, 2020[477](index=477&type=chunk) - The independent auditor, PricewaterhouseCoopers LLP, issued an unqualified opinion on the effectiveness of the company's internal control over financial reporting[478](index=478&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=74&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information required by this item concerning directors, executive officers, and corporate governance will be provided in the company's definitive proxy statement for the 2021 Annual Meeting of Stockholders and is incorporated by reference into this report. - Information regarding directors, executive officers, and corporate governance is incorporated by reference from the company's forthcoming proxy statement[483](index=483&type=chunk) [Executive Compensation](index=74&type=section&id=Item%2011.%20Executive%20Compensation) Information required by this item concerning executive compensation will be provided in the company's definitive proxy statement for the 2021 Annual Meeting of Stockholders and is incorporated by reference into this report. - Information regarding executive compensation is incorporated by reference from the company's forthcoming proxy statement[485](index=485&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=74&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Information required by this item concerning security ownership will be provided in the company's definitive proxy statement for the 2021 Annual Meeting of Stockholders and is incorporated by reference into this report. - Information regarding security ownership is incorporated by reference from the company's forthcoming proxy statement[486](index=486&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=74&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information required by this item concerning certain relationships, related transactions, and director independence will be provided in the company's definitive proxy statement for the 2021 Annual Meeting of Stockholders and is incorporated by reference into this report. - Information regarding related party transactions and director independence is incorporated by reference from the company's forthcoming proxy statement[487](index=487&type=chunk) [Principal Accounting Fees and Services](index=74&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) Information required by this item concerning principal accounting fees and services will be provided in the company's definitive proxy statement for the 2021 Annual Meeting of Stockholders and is incorporated by reference into this report. - Information regarding principal accounting fees and services is incorporated by reference from the company's forthcoming proxy statement[488](index=488&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=74&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists the financial statements, financial statement schedules, and exhibits filed as part of the Form 10-K report. - This item lists all exhibits and financial statement schedules filed with the report, with financial statements located on pages **78-114**[490](index=490&type=chunk)

Invesco Mortgage Capital Inc. (NYSE:IVR) Q3 2020 Earnings Conference Call November 10, 2020 9:00 AM ET Company Participants John Anzalone - Chief Executive Officer Kevin Collins - President Brian Norris - Chief Investment Officer Jack Bateman - Investor Relations Conference Call Participants Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Jason Stewart - JonesTrading Derek Hewett - Bank of America Operator Welcome to Invesco Mortgage Capital Inc.’s third quarter 2020 investor conference call. A ...

Invesco Mortgage Capital Inc. Third Quarter 2020 Earnings Call November 10, 2020 John Anzalone Chief Executive Officer Lee Phegley Chief Financial Officer Kevin Collins President David Lyle Chief Operating Officer Brian Norris Chief Investment Officer Cautionary Notice Regarding Forward-Looking Statements This presentation and comments made in the associated conference call may include statements and information that constitute "forward-looking statements" within the meaning of the U.S. securities laws as d ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q _______________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-34385 Invesco Mortgage Capital Inc. (Exact Name of Registr ...

Invesco Mortgage Capital Inc. (NYSE:IVR) Q2 2020 Results Conference Call August 00, 2020 09:00 AM ET Company Participants Jack Bateman - Investor Relations John Anzalone - Chief Executive Officer Kevin Collins - President Brian Norris - Chief Investment Officer Conference Call Participants Doug Harter - Credit Suisse Eric Hagen - Keefe, Bruyette, & Woods Trevor Cranston - JMP Securities Jason Stewart - JonesTrading Operator Welcome to the Invesco Mortgage Capital Inc., Second Quarter 2020 Investors Conferen ...

[PART I FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The financial statements for the period ended June 30, 2020, reflect a material adverse change, with total assets plummeting to **$1.9 billion** and a net loss of **$1.9 billion** due to the COVID-19 pandemic Condensed Consolidated Balance Sheet Summary (in thousands) | Account | June 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | **Total Assets** | **$1,949,472** | **$22,346,545** | | Mortgage-backed securities, at fair value | $1,584,158 | $21,771,786 | | Cash and cash equivalents | $270,161 | $172,507 | | **Total Liabilities** | **$791,680** | **$19,414,646** | | Repurchase agreements | $— | $17,532,303 | | Secured loans | $740,000 | $1,650,000 | | **Total Stockholders' Equity** | **$1,157,792** | **$2,931,899** | Condensed Consolidated Statements of Operations Summary (in thousands) | Metric | Six Months Ended June 30, 2020 | Six Months Ended June 30, 2019 | | :--- | :--- | :--- | | Total Interest Income | $216,872 | $389,295 | | Total Interest Expense | $86,130 | $242,255 | | **Net Interest Income** | **$130,742** | **$147,040** | | Total Other Loss | ($2,007,846) | $33,247 | | **Net Income (Loss)** | **($1,905,031)** | **$157,126** | | Net Income (Loss) Attributable to Common Stockholders | ($1,927,244) | $134,913 | | **Diluted EPS** | **($11.91)** | **$1.08** | - The company experienced unprecedented market conditions due to the COVID-19 pandemic, resulting in a net loss of **$1.9 billion** for the six months ended June 30, 2020. Stockholders' equity declined from **$2.9 billion** at the end of 2019 to **$1.2 billion**[23](index=23&type=chunk) - To generate liquidity and reduce leverage amidst an unusually high number of margin calls, the company sold **$23.1 billion** of MBS and GSE CRTs and repaid **$17.5 billion** of repurchase agreements and **$910.0 million** of secured loans during the first six months of 2020. The investment portfolio shrank from **$21.9 billion** to **$1.6 billion**[24](index=24&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the severe impact of the COVID-19 pandemic, leading to forced deleveraging, **$23.1 billion** in asset sales, and an **80.5%** drop in book value per share - Due to the COVID-19 pandemic, the company was unable to fund margin calls starting March 23, 2020. This prompted massive asset sales of **$23.1 billion** to generate liquidity, which were used to repay **$17.5 billion** of repurchase agreements and **$910.0 million** of secured loans[168](index=168&type=chunk) - As of July 31, 2020, the company had resumed investing in Agency securities. The total investment portfolio was approximately **$3.3 billion**, consisting of **68% Agency RMBS**, **30% commercial credit**, and **2% residential credit**. Total debt included **$2.1 billion** in repurchase agreements and **$305.0 million** in secured loans[170](index=170&type=chunk) Book Value Per Common Share | Date | Total Adjusted Equity (in thousands) | Common Stock Outstanding (in thousands) | Book Value Per Share | | :--- | :--- | :--- | :--- | | **June 30, 2020** | **$575,292** | **181,327** | **$3.17** | | **December 31, 2019** | **$2,349,399** | **144,256** | **$16.29** | - Book value per common share decreased by **80.5%** to **$3.17** as of June 30, 2020, from **$16.29** at the end of 2019. This was primarily due to significant realized and unrealized losses on derivatives and investments resulting from the market disruption[210](index=210&type=chunk) [Results of Operations](index=45&type=section&id=Results%20of%20Operations) For the six months ended June 30, 2020, the company reported a net loss of **$1.9 billion**, driven by significant losses on investments and derivative instruments Key Operational Results (Six Months Ended June 30) | Metric (in thousands) | 2020 | 2019 | | :--- | :--- | :--- | | Net Interest Income | $130,742 | $147,040 | | Gain (loss) on investments, net | ($1,061,849) | $570,564 | | Gain (loss) on derivative instruments, net | ($911,122) | ($546,193) | | Net Income (Loss) | ($1,905,031) | $157,126 | - Realized net losses on investment sales for the first six months of 2020 were **$409.0 million**, largely due to involuntary liquidations by repurchase agreement counterparties at distressed prices after the company was unable to meet margin calls[238](index=238&type=chunk) - The company realized a net loss of **$904.7 million** on the termination of interest rate swaps during the first six months of 2020, as it terminated all outstanding swaps in March in response to market conditions and its reduced portfolio size[206](index=206&type=chunk)[247](index=247&type=chunk) [Liquidity and Capital Resources](index=56&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity was severely impacted by the COVID-19 crisis, leading to forced asset sales, with **$271.6 million** in cash and **$554.3 million** in unencumbered investments as of June 30, 2020 - Financing activities used a net **$18.2 billion** in cash for the first six months of 2020, primarily due to the net repayment of **$17.5 billion** in repurchase agreements and **$910.0 million** in secured loans[277](index=277&type=chunk)[278](index=278&type=chunk) - As of June 30, 2020, the company held **$271.6 million** in cash and had **$554.3 million** of unencumbered investments. The company resumed investing in Agency RMBS in July 2020, financed with a moderate amount of new repurchase agreement borrowings[275](index=275&type=chunk)[280](index=280&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=59&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces significant interest rate, prepayment, and market value risks, amplified by COVID-19, with no interest rate hedges as of June 30, 2020, but resumed hedging in July - The company had no interest rate hedges in place as of June 30, 2020, due to limited interest rate sensitivity after its portfolio repositioning. It resumed using interest rate swaps in July 2020 to hedge new Agency RMBS purchases[296](index=296&type=chunk)[297](index=297&type=chunk) Interest Rate Sensitivity Analysis (as of June 30, 2020) | Change in Interest Rates | Percentage Change in Projected Net Interest Income | Percentage Change in Projected Portfolio Value | | :--- | :--- | :--- | | +1.00% | (1.93)% | (2.88)% | | +0.50% | (1.00)% | (1.47)% | | -0.50% | 1.54% | 0.90% | | -1.00% | 1.12% | 1.12% | - Credit risk has increased due to the COVID-19 pandemic. The significant decrease in economic activity could adversely affect the value of mortgage assets, and borrowers may experience difficulties meeting obligations, leading to increased delinquencies and defaults[319](index=319&type=chunk) [Item 4. Controls and Procedures](index=62&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2020, with no material changes to internal controls - Based on an evaluation as of June 30, 2020, the principal executive officer and principal financial officer concluded that the company's disclosure controls and procedures were effective[322](index=322&type=chunk) - No changes occurred in the company's internal control over financial reporting during the quarter ended June 30, 2020, that have materially affected or are reasonably likely to materially affect internal controls[324](index=324&type=chunk) [PART II OTHER INFORMATION](index=63&type=section&id=PART%20II%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=63&type=section&id=Item%201.%20Legal%20Proceedings) As of June 30, 2020, the company was not involved in any material legal proceedings arising in the ordinary course of business - The company reports no involvement in any material legal proceedings as of June 30, 2020[327](index=327&type=chunk) [Item 1A. Risk Factors](index=63&type=section&id=Item%201A.%20Risk%20Factors) The COVID-19 pandemic significantly amplified risk factors, including funding access, margin calls, dividend payments, and fair value determination amid market volatility - The COVID-19 pandemic has caused severe volatility and forced sales of securities, leading to higher than historical levels of margin calls and potentially unfavorable sale terms[330](index=330&type=chunk) - The inability to renew or roll repurchase agreements on acceptable terms could force the company to dispose of assets at significantly lower prices, causing significant losses. This risk is heightened by market volatility from the pandemic[333](index=333&type=chunk) - Significant margin calls resulting from counterparties marking down asset values have had, and could continue to have, a material adverse effect on results, liquidity, and the ability to make distributions[335](index=335&type=chunk) - The company's ability to pay dividends has been and may continue to be adversely affected. The board reduced the quarterly common stock dividend in Q2 2020 to enhance liquidity[336](index=336&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=66&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not repurchase any shares of its common stock during the three months ended June 30, 2020 - No common stock was repurchased during the second quarter of 2020[347](index=347&type=chunk)

Invesco Mortgage Capital Inc. (NYSE:IVR) Q1 2020 Earnings Conference Call June 23, 2020 9:00 AM ET Company Participants John Anzalone - Chief Executive Officer Kevin Collins - President Brian Norris - Chief Investment Officer David Lyle - Chief Operating Officer Lee Phegley - Chief Financial Officer Brandon Burke - Investor Relations Conference Call Participants Eric Hagen - KBW Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Operator Welcome to the Invesco Mortgage Capital Inc. first quarter 2 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ FORM 10-Q _______________________________________________ (Mark One) | ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | --- | --- | | | For the quarterly period ended March 31, 2020 | | | OR | | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the transition period from to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 001-34385 Invesco Mortgage Capital Inc. (Exact name of registrant as specified in its charter) | Maryland | 26-2749336 | | --- | --- | | ...