BETHESDA, Md., May 2, 2017 /PRNewswire/ -- AGNC Investment
Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that
it priced a public offering of 24,500,000 shares of common stock
for total expected gross proceeds of approximately $507.2 million before underwriting discounts and
commissions and expenses.
In connection with the offering, the Company has granted the
underwriters an option for 30 days to purchase up to an additional
3,675,000 shares of common stock. The offering is subject to
customary closing conditions and is expected to close on
May 5, 2017.
AGNC expects to use the net proceeds from this offering to
acquire additional agency securities, non-agency securities and
other mortgage-related assets as market conditions warrant and for
other general corporate purposes.
J.P. Morgan, Citigroup, Credit Suisse and Goldman Sachs &
Co. LLC are joint book-running managers for the offering.
The offering will be made pursuant to AGNC's existing effective
registration statement, previously filed with the Securities and
Exchange Commission (the "SEC"). The offering of these
securities will be made only by means of a prospectus. Copies
of the prospectus may be obtained from J.P. Morgan, Attention:
Prospectus Department, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY
11717, or by calling 866-803-9204; Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, Telephone:
(800) 831-9146; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One
Madison Avenue, New York, NY
10010, email: newyork.prospectus@credit-suisse.com; or Goldman
Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street,
New York, NY 10282, tel: (866)
471-2526, fax: (212) 902-9316, e-mail:
prospectus-ny@ny.email.gs.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy shares of common stock, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
ABOUT AGNC INVESTMENT CORP.
AGNC Investment
Corp. is an internally-managed 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.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements," including with regard to the
Company's securities offering and the anticipated use of the net
proceeds. These statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
No assurance can be given that the securities offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Completion of the securities offering on the terms described, and
the application of net proceeds, are subject to numerous
conditions, many of which are beyond the control of the Company,
including, without limitation, changes in interest rates; changes
in the yield curve; changes in prepayment rates; the availability
and terms of financing; changes in the market value of our assets;
general economic conditions; market conditions; conditions in the
market for agency securities; legislative and regulatory changes
that could adversely affect the business of the Company; and other
factors, including those set forth in the Risk Factors section of
the Company's periodic reports and other documents filed with the
SEC. Copies are available on the SEC's website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release.
CONTACT:
Investor Relations - (301) 968-9300
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SOURCE AGNC Investment Corp.