Invesco Closes Its $1.46 Billion Mortgage Recovery Fund, Part of the Public-Private Investment Program (PPIP)

Invesco Ltd. (NYSE: IVZ) today announced it held a final closing for its Mortgage Recovery Fund with total commitments of more than $1.46 billion, principally from institutional clients. Invesco’s unique offering, which invests in its Public-Private Investment Fund, provides exposure to mortgage loans and securities. The fund is managed by three of its investment teams; Invesco Fixed Income, Invesco Real Estate and WL Ross & Co., the distressed investment affiliate of Invesco.

“The Treasury Department’s PPIP initiative of partnering with private investment firms like Invesco reestablished a market for mortgage-related securities in 2009 by providing much-needed stimulus to this distressed market,” said Mark Armour, Senior Managing Director and Head of Worldwide Institutional. “We are extremely pleased that Invesco’s collective investment expertise is an ongoing part of this most critical process.”

The Fund has been designed to invest in the mortgage market broadly, including PPIP-eligible mortgage-backed securities and mortgage-related loans. The broad investment strategy provides the investment teams the ability to seek the most compelling mortgage recovery opportunities.

Invesco was selected by the U.S. Department of Treasury as a pre-qualified fund manager to participate in Treasury’s Legacy Securities Public- Private Investment Program.

Invesco is a leading independent global investment management company, dedicated to helping people worldwide build their financial security. By delivering the combined power of our distinctive worldwide investment management capabilities, Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high net worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.