AGNC Investment Corp. Declares Fourth Quarter Dividends on Preferred Stock

BETHESDA, Md., Dec. 10, 2019 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared cash dividends for the fourth quarter 2019 on its 7.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") underlying its outstanding depositary shares (Nasdaq: AGNCN),  6.875% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock") underlying its outstanding depositary shares (Nasdaq: AGNCM) and 6.50% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") underlying its outstanding depositary shares (Nasdaq: AGNCO). 

 

Series	Ticker	Per Annum Dividend Rate	Dividend Per Depositary Share(1)	Payment Date	Record Date
C	AGNCN	7.00%(2)	$0.43750	January 15, 2020	January 1, 2020
D	AGNCM	6.875%(3)	$0.4296875	January 15, 2020	January 1, 2020
E	AGNCO	6.50%(4)	$0.46042(5)	January 15, 2020	January 1, 2020

 

(1) Each depositary share represents a 1/1,000th interest in a share of the Series C Preferred Stock, Series D Preferred Stock or Series E Preferred Stock, as applicable.

(2) The dividend rate for the Series C Preferred Stock will accrue dividends from and including the original issue date to (but excluding) October 15, 2022 at a fixed rate of 7.00% per annum and, from and including October 15, 2022, at a floating rate equal to Three-Month LIBOR plus a spread of 5.111% per annum.

(3) The dividend rate for the Series D Preferred Stock will accrue dividends from and including the original issue date to (but excluding) April 15, 2024 at a fixed rate of 6.875% per annum and, from and including April 15, 2024, at a floating rate equal to the Three-Month LIBOR plus a spread of 4.332% per annum.

(4) The dividend rate for the Series E Preferred Stock will accrue dividends from and including the original issue date to (but excluding) October 15, 2024 at a fixed rate of 6.50% per annum and, from and including October 15, 2024, at a floating rate equal to the Three-Month LIBOR plus a spread of 4.993% per annum.

(5) Dividend amount reflects dividend payable for an extended initial dividend period from the initial issuance date of October 3, 2019 through January 14, 2020.

 

For further information or questions, please contact Investor Relations at [phone] or [e-mail].  

ABOUT AGNC INVESTMENT CORP.
AGNC Investment Corp. is an internally-managed real estate investment trust that invests primarily in residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise or a U.S. Government agency. For further information, please refer to www.AGNC.com.

CONTACT:
Investor Relations - [phone]

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SOURCE AGNC Investment Corp.

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