8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):August 11, 2009

Invesco Mortgage Capital Inc.

(Exact name of registrant as specified in its charter)

Maryland	333-151665	262749336
(Stateorotherjurisdiction ofincorporation)	(CommissionFileNumber)	(IRSEmployer IdentificationNo.)

1555 Peachtree Street, NE, Atlanta, Georgia	30309
(Addressofprincipalexecutiveoffices)	(ZipCode)

Registrant’s telephone number, including area code: (404)892-0896

n/a

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item2.02 Results of Operations and Financial Condition.

On August 11, 2009, Invesco Mortgage Capital Inc. (the “registrant”) issued a presentation discussing its financial condition for the fiscal quarter ended June 30, 2009. A copy of that presentation is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in this report, including the exhibit hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this report, including the exhibit hereto, shall not be incorporated by reference into any filing of the registrant with the Securities and Exchange Commission, whether made before or after the date hereof, regardless of any general incorporation language in such filings (unless the registrant specifically states that the information or exhibit in this particular report is incorporated by reference).

Item9.01 Financial Statements and Exhibits.

(d) Exhibits.

ExhibitNo.	Description
99.1	Presentation, dated August 11, 2009, issued by Invesco Mortgage Capital Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Invesco Mortgage Capital Inc.
By:	/s/ Donald R. Ramon                Donald R. Ramon Chief Financial Officer

Date:  August 11, 2009

Exhibit Index

ExhibitNo.	Description
99.1	Presentation, dated August 11, 2009, issued by Invesco Mortgage Capital Inc.

EX-99

Invesco Mortgage Capital Inc.2009 Second Quarter Investor Call

August 11, 2009

Richard J. King

President & Chief Executive Officer

John M. Anzalone

Chief Investment Officer

Donald R. Ramon

Chief Financial Officer

Forward-Looking Statements

This presentation, and comments made in the associated conference call today, may include “forward-looking statements.” Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance. Forward-looking statements also include statements regarding our ability to acquire and finance targeted assets, our ability to realize an attractive return from our investments and/or to mitigate our risk from those investments and our related financing arrangements, and our ability to realize returns from agency RMBS that are similar to our non-agency RMBS when financed with repurchase agreements. In addition, words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “forecast,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements.

Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. There can be no assurance that actual results will not differ materially from our expectations. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our our registration statement on Form S-11 and subsequent Forms 10-Q, filed with the Securities and Exchange Commission.

You may obtain these reports from the SEC’s website at www.sec.gov. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.

Discussion Topics

1.

Business Overview

2.

Investment Portfolio

3.

Questions and Answers

Business Overview

Externally managed by Invesco Institutional (N.A.) Inc.

Worldwide Fixed Income

Invesco Real Estate

WL Ross

Completed IPO in July ’09 raising $201.2mn net of
offering costs

Acquired $829.4mn portfolio

Obtained $630.6mn repo financing for Agency RMBS

Obtained $40.1mn financing under TALF for CMBS

Entered into swaps with $275.0mn notional value

Investment Strategy

RMBS and CMBS with attractive risk-adjusted yields

Obtain government financing when available

Maintain a short duration gap

Diversify balance sheet risk for assets and liabilities

Discussion Topics

1.

Business Overview

2.

Investment Portfolio

3.

Questions and Answers

Portfolio Composition ⁽¹⁾

(1) Portfolio information as of July 17, 2009

Agency RMBS

Agency Hybrids

Predominantly Interest-Only Pools

7 CPR in July ‘09

15 Year Fixed Rate Collateral

Purchased in lieu of Agency Hybrids

Seasoned and Loan Balance Paper

10 CPR in July ‘09

30 Year Fixed Rate Collateral

Concentration in Higher Coupons (6% and 6.5%)

Every Pool is Prepay Protected

14 CPR in July ’09

Slower CPR protects $105 premium paid for Agency RMBS

Non-Agency RMBS

Credit

Mix of Prime and Alt-A Collateral

Focus on 2005 and 2006 Vintages

Senior or Super-Senior Tranches

No exposure to Option ARM Collateral

Positive Yields in “Worst Case” Stress Scenario

Prepayments

Average Purchase Price was $61.35

Our Non-Agency RMBS Paid 18 CPR in July

Expect Prepays to slow to 8-12 CPR

Yields and Financing

Average Projected Yield of 17.5%

No Leverage

* There is no guarantee that the above results will be realized.

CMBS

6.04% Average Yield

3.91% Cost of Financing

Financed through the Fed’s TALF Program

5 Year Term, Maturing in July 2014

2.13% Net Interest Margin

Collateral

Average Purchase Price was $95

All of our Purchases are from the 2005 Vintage

CMBS positions are Match Funded

Expenses and Dividend Policy

G&A Expense

Management fee 1.5% of equity

Public company expense range 1.7% - 1.9%

D&O Insurance, Auditing, Accounting, Tax, Legal, CFO, etc.

Higher than IPO estimates due to reduced offering size

Dividend Strategy

Quarterly dividends beginning with Q3 ’09

Target 100% of taxable income annually

Questions and Answers2009 Second Quarter Investor Call

August 11, 2009