BETHESDA, Md., May 30, 2013 /PRNewswire/ -- American Capital
Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced
today that its reconvened 2013 Annual Meeting of Stockholders held
earlier today was adjourned with respect to the proposal to amend
AGNC's certificate of incorporation to increase the number of
authorized shares of preferred stock from 10,000,000 to 20,000,000
shares. The meeting will reconvene on June 28, 2013, allowing stockholders additional
time to vote on the amendment to its certificate of
incorporation.
The charter amendment requires the affirmative vote of the
holders of a majority of all shares of AGNC's common stock
outstanding to pass. In addition, brokers do not have
discretionary authority to vote on the charter amendment and must
receive voting instructions from beneficial owners of shares held
in street name in order for the shares to be voted on the
matter.
During the period of the adjournment, AGNC will continue to
solicit proxies from its stockholders with respect to the proposed
charter amendment. Stockholders who have not already done so
are encouraged to vote on the proposal. Stockholders who have
already voted need not take any action on the proposal, although
they may change their vote for the charter amendment by executing a
new proxy, revoking a previously given proxy or attending the
adjourned meeting and voting in person, as set forth in AGNC's
proxy statement.
The meeting adjournment with respect to the charter amendment
proposal will be until 9:00 a.m. EDT,
on June 28, 2013, at the Company's
offices at 2 Bethesda Metro Center, 12th Floor, Bethesda, MD 20814.
AGNC filed the proxy statement for its 2013 Annual Meeting with
the Securities and Exchange Commission (the "SEC") on March 20, 2013 pursuant to which the Company is
soliciting additional proxies in connection with the charter
amendment proposal. Stockholders are urged to read the proxy
statement and other relevant documents filed with the SEC.
If you have not yet voted or wish to change your vote on the
charter amendment proposal identified as proposal two in AGNC's
proxy statement, we urge you to vote by phone or through the
internet using the instructions provided in your voting instruction
form or proxy card. You may also contact Georgeson Inc. at
800-676-0194 if you need assistance with voting.
For further information or questions, please contact our
Investor Relations Department at (301) 968-9300 or
IR@AGNC.com.
ABOUT AMERICAN CAPITAL AGENCY CORP.
American Capital
Agency Corp. (Nasdaq: AGNC) is a real estate investment trust 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 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
$21.2 billion of assets, including
assets on its balance sheet and fee earning assets under management
by affiliated managers, with $112
billion of total assets under management (including levered
assets). Through an affiliate, American Capital manages
publicly traded American Capital Agency Corp. (Nasdaq: AGNC) with
approximately a $13 billion market
capitalization and American Capital Mortgage Investment Corp.
(Nasdaq: MTGE) with approximately a $1.5
billion market capitalization. From its eight offices in the
U.S. and Europe, American Capital
and its affiliate, European Capital, will consider investment
opportunities from $10 million to $750
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 the Company's 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
SOURCE American Capital Agency Corp.