BETHESDA, Md., March 17, 2016 /PRNewswire/ -- American Capital
Agency Corp. (NASDAQ: AGNC) announced that today its Board of
Directors elected Gary Kain, the
company's President and Chief Investment Officer, to the additional
position of Chief Executive Officer and that he has joined the
company's Board of Directors. In addition, the Board has
elected director Alvin N. Puryear as
the Board's non-executive Chair. In their new positions, Mr.
Kain and Dr. Puryear replace Malon
Wilkus, who is also leaving the company's Board, effective
today.
"I have helped lead AGNC since our work at American Capital to
found the company in 2008," said Mr. Wilkus. "We created the
first actively managed agency mortgage REIT, which has grown to
nearly $60 billion in assets.
Now it's come time for me to hand over the CEO position to
Gary Kain. Gary has headed the
company's operations and outstanding investing activities since
2009 and there is nobody better qualified than Gary to lead the
company into the future and to contribute to the company's
Board. I am also pleased that Al
Puryear, who has been a member of the Board since the
company's IPO, will be the new Chair."
"I am excited to be joining AGNC's Board and to be assuming
additional responsibilities as CEO," said Mr. Kain. "I would
also like to thank Malon for his service to the company over the
years. It goes without saying that AGNC would not be here
without the vision and determination of Malon and his senior
team. While we are tremendously proud of the
performance of AGNC since its IPO, our priority is its
future. I look forward to working with the rest of the AGNC
Board to chart the path ahead for the company against the backdrop
of ever changing market conditions."
ABOUT AMERICAN CAPITAL AGENCY CORP.
American Capital
Agency Corp. is a real estate investment trust that invests
primarily in agency pass-through securities and collateralized
mortgage obligations for which the principal and interest payments
are guaranteed by a U.S. Government agency or a U.S.
Government-sponsored entity. The Company is externally
managed and advised by American Capital AGNC Management, LLC, an
affiliate of American Capital, Ltd. ("American Capital"). For
further information, please refer to www.AGNC.com.
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq:
ACAS) is a publicly traded private equity firm and global asset
manager. American Capital, both directly and through its
asset management business, originates, underwrites and manages
investments in middle market private equity, leveraged finance,
real estate and structured products. American Capital manages
$21 billion of assets, including
assets on its balance sheet and fee earning assets under management
by affiliated managers, with $73
billion of total assets under management (including levered
assets). Through a wholly owned affiliate, American Capital
manages publicly traded American Capital Agency Corp. (Nasdaq:
AGNC), American Capital Mortgage Investment Corp. (Nasdaq: MTGE)
and American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with
approximately $10 billion of total
net book value. American Capital and its affiliates operate
out of seven offices in the U.S. and Europe. For further
information, please refer to www.AmericanCapital.com.
CONTACT:
Investor Relations – (301) 968-9300
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SOURCE American Capital Agency Corp.