Invesco Mortgage Capital Inc. (NYSE: IVR) (the "Company") announced the planned retirement of its Board Chair, John Day, effective December 31, 2025. Mr. Day has served Invesco Mortgage Capital and its stockholders as a board member since the Company's formation in 2009. His retirement is in accordance with the Company's director retirement policy.

The Board has elected Don Liu, current Chair of the Nomination and Corporate Governance Committee, to serve as Chair of the Board beginning on November 4, 2025. Mr. Liu has served on the Board since 2022 and has led the Board's succession planning and governance during his tenure as Chair of the Nomination and Corporate Governance Committee.

In connection with Mr. Liu's appointment as Chair of the Board, the Board has elected Wes McMullan to serve as Chair of the Nomination and Corporate Governance Committee, effective November 4, 2025.

In addition, Carolyn Handlon, current Chair of the Audit Committee, has informed the Board that she will not seek re-election at the 2026 annual meeting of stockholders for personal reasons. Ms. Handlon joined the Board in 2017 and served as Chair of the Compensation Committee for five years before her appointment as Chair of the Audit Committee in 2023. The Board has elected Robert Fleshman, one of the Board's designated audit committee financial experts, as Chair of the Audit Committee effective January 1, 2026. The Board intends to initiate a search for an independent director to join the Board prior to the 2026 annual meeting of stockholders.

Carolyn Gibbs, an executive director, has announced her retirement from Invesco Ltd. after a nearly 33-year tenure with Invesco in various leadership roles. In connection with her retirement from Invesco, Ms. Gibbs will retire from the Board effective March 31, 2026. The Board intends to elect a new executive director to fill Ms. Gibbs' vacancy prior to her retirement.

"We are grateful for John Day's leadership and dedication to Invesco Mortgage Capital for over 16 years," stated John Anzalone, Chief Executive Officer. "John has served Invesco Mortgage Capital in board leadership roles as Chair of the Audit Committee and now as Chair of the Board. We have benefited from his steady, knowledgeable and engaged leadership. We are also thankful for Carolyn Handlon's and Carolyn Gibbs' impactful dedication to our Company and its stockholders."

Don Liu stated, "Carolyn Handlon's finance insights, audit committee leadership and collegiality have benefited the Board and our stockholders. We will miss Carolyn and wish her and her family much happiness."

"I am deeply appreciative of Carolyn Gibbs' nearly 33-year career at Invesco Ltd. and remarkable leadership, unwavering commitment, and lasting contributions. I wish her all the best in her well-deserved retirement," stated Tony Wong, Senior Managing Director of Invesco Ltd.

Liu added, "We have focused on board succession, board leadership succession and thoughtful transition planning over these past two years since the adoption of our director retirement policy. I look forward to working together with Wes and Rob in their new board leadership roles."