BETHESDA, Md.,
Aug. 16, 2016 /PRNewswire/
-- American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the
"Company") announced today its estimated net book value of
$22.24 per common share as of
July 31, 2016. The estimated
net book value of $22.24 includes
deductions for both the Company's July
2016 dividend of $0.20 per
common share, which was declared on July 14,
2016 with a July 29, 2016
record date, and the August 2016
dividend of $0.18 per common share,
which was declared on July 27, 2016
with an August 31, 2016 record date.
The Company's estimated net book value per common share as of
July 31, 2016 would have been
$22.42 if the August 2016 common stock dividend had not been
declared prior to August 1, 2016.
AGNC expects that, in connection with the acquisition of
American Capital Mortgage Management, LLC and the internalization
of its management on July 1, 2016,
the Company will recognize certain intangible assets.
Excluding AGNC's current estimates with respect to intangible
assets, the Company's estimated net tangible book value per common
share as of July 31, 2016 was
$20.54 after deducting the Company's
July 2016 and August 2016 common stock dividends, and would
have been $20.72 per common share if
the August 2016 common stock dividend
had not been declared prior to August 1,
2016.
For further information or questions, please contact Investor
Relations at (301) 968-9300 or IR@AGNC.com.
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
no longer affiliated with American Capital, Ltd. For further
information, please refer to www.AGNC.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 important 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 Relations - (301) 968-9300
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SOURCE American Capital Agency Corp.