BETHESDA, Md., Aug. 2, 2017 /PRNewswire/ -- MTGE Investment
Corp. ("MTGE" or the "Company") (Nasdaq: MTGE) announced today that
it has established an "at the market" equity offering program under
which the Company may offer and sell, from time-to-time, up to
$125,000,000 aggregate offering price
of shares of its common stock in "at the market" transactions
through Cantor Fitzgerald & Co. and Wells Fargo Securities,
LLC, as sales agents (the "ATM Facility"). As of the date of
this press release, the ATM Facility has not been utilized, and no
shares have been sold under the ATM Facility.
MTGE intends to use net proceeds from any such sales of its
common stock to finance the acquisition of agency securities,
non-agency securities (including credit risk transfer securities),
other mortgage-related assets, other real estate investments
(including healthcare real estate investments) and hedging
instruments and for other general corporate purposes. Pending
this utilization, the Company may invest the net proceeds from the
offering in readily marketable, short-term, interest-bearing
investments.
The Company has filed a registration statement (including a
prospectus and a related prospectus supplement) with the Securities
and Exchange Commission ("SEC") for the offering of shares of
common stock described in this press release. Prior to
investing, prospective investors should read the prospectus in that
registration statement, the related prospectus supplement and other
documents the Company has filed with the SEC for more complete
information about the Company and this offering. These
documents may be obtained for free by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, copies of the
prospectus supplement and the accompanying prospectus relating to
these securities may be obtained by contacting Cantor Fitzgerald
& Co., Attention: Equity Capital Markets, 110 East 59th Street,
New York, New York 10022,
telephone: 212-829-7122 or Wells Fargo Securities, LLC, Attention:
Equity Syndicate Department, 375 Park Avenue, 4th Floor,
New York, New York 10152,
telephone 800-326-5897 or email cmclientsupport@wellsfargo.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 MTGE INVESTMENT CORP.
MTGE Investment Corp. is a
real estate investment trust that invests in and manages a
leveraged portfolio of agency mortgage investments, non-agency
mortgage investments and other real estate-related investments.
The Company is externally managed and advised by MTGE
Management, LLC, an affiliate of AGNC Investment Corp. (Nasdaq:
AGNC).
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
markets for our target asset classes; 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 Securities and Exchange Commission ("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) 968-9220
View original
content:http://www.prnewswire.com/news-releases/mtge-investment-corp-announces-at-the-market-offering-program-of-common-stock-300498761.html
SOURCE MTGE Investment Corp.