BETHESDA, Md., Aug. 3 /PRNewswire-FirstCall/ -- American Capital
Agency Corp. (Nasdaq: AGNC) announced today that Christopher Kuehl will be joining American
Capital Agency Management, LLC, as Head of Mortgage Investments,
reporting to Gary Kain, President of
American Capital Agency Management and Chief Investment Officer of
AGNC. American Capital Agency Management is the external
manager of AGNC.
Mr. Kuehl most recently served as Vice President, Head of Agency
and Non-Agency Mortgage Investments of Freddie Mac, where he led
the development and execution of Freddie Mac’s investment
strategies for its $700 billion
retained portfolio. In this capacity, Mr. Kuehl was
responsible for directing Freddie Mac’s purchases, sales and
structuring activities for all agency mortgage products, including
fixed-rate mortgages, ARMs and CMOs. Mr. Kuehl previously
served Freddie Mac as Vice President, Head of the Agency Mortgage
Investment Desk, and Senior Director, Head of the Agency REMIC
Desk.
"Chris brings a wealth of experience to AGNC, having spent more
than 10 years at one of the world's largest mortgage investors,"
said Mr. Kain. "Asset selection is absolutely critical to our
success and I can't think of a person in the industry that I would
rather have joining the AGNC management team."
ABOUT AGNC
AGNC is a REIT that invests 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 Agency Management, LLC, an
affiliate of American Capital, Ltd. ("American Capital"). For
further information, please refer to www.AGNC.com.
ABOUT AMERICAN CAPITAL
American Capital 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. Founded in 1986, American
Capital has $14 billion in capital
resources under management and eight offices in the U.S.,
Europe and Asia. American Capital and its affiliates will
consider investment opportunities from $5
million to $100 million. For further information, please
refer to www.AmericanCapital.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements.
Forward-looking statements are based on estimates, projections,
beliefs and assumptions of management of the Company at the time of
such statements and are not guarantees of future performance.
Forward-looking statements involve risks and uncertainties in
predicting future results and conditions. Actual results could
differ materially from those projected in these forward-looking
statements due to a variety of factors, 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, and legislative and regulatory changes that
could adversely affect the business of the Company. Certain factors
that could cause actual results to differ materially from those
contained in the forward-looking statements, are included in the
Company's periodic reports filed with the Securities and Exchange
Commission ("SEC"). Copies are available on the SEC's website,
www.sec.gov. The Company disclaims any obligation to update or
revise any forward-looking statements based on the occurrence of
future events, the receipt or new information, or
otherwise.
CONTACT:
Investors - (301)
968-9300
Media - (301)
968-9400
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SOURCE American Capital Agency Corp.
Copyright g. 3 PR Newswire