BETHESDA, Md., Aug. 3, 2018 /PRNewswire/ -- AGNC Investment
Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that
it has closed on its previously announced public offering of an
aggregate of 43,700,000 shares of common stock, including 5,700,000
shares of common stock sold pursuant to the underwriters' exercise
in full of their option to purchase additional shares. Total
gross proceeds from the offering were approximately $825.9
million before underwriting discounts and commissions and estimated
expenses.
AGNC expects to use the net proceeds from the offering to
finance the acquisition of agency securities, non-agency securities
(including credit risk transfer securities), other mortgage-related
assets and hedging instruments and for other general corporate
purposes.
Citigroup, BofA Merrill Lynch, Credit Suisse, J.P. Morgan,
Morgan Stanley and UBS Investment Bank acted as joint book-running
managers for the offering. JMP Securities and Keefe, Bruyette
& Woods, A Stifel Company, acted as co-managers for the
offering.
The offering was made pursuant to AGNC's existing effective
registration statement, previously filed with the Securities and
Exchange Commission (the "SEC"). The offering of these
securities was made only by means of a prospectus. Copies of
the prospectus and prospectus supplement may be obtained by
contacting:
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Or by telephone: 800-831-9146
BofA Merrill Lynch
Attention: Prospectus Department
200 North College Street
3rd Floor
Charlotte, NC 28255-0001
Or by telephone: 800-294-1322
Or by email: dg.prospectus_requests@baml.com
Credit Suisse Securities (USA) LLC
Attention: Prospectus Department
One Madison Avenue
New York, NY 10010
Or by telephone: 800-221-1037
Or by email: newyork.prospectus@credit-suisse.com
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Or by telephone: 1-866-803-9204
Morgan Stanley & Co. LLC
Attention: Prospectus Department
180 Varick Street
2nd Floor
New York, NY 10014
UBS Securities LLC
Attention: Prospectus Department
1285 Avenue of the Americas
New York, NY 10019
Or by telephone: 888-827-7275
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 residential mortgage-backed securities for which the
principal and interest payments are guaranteed by a U.S.
Government-sponsored enterprise or a U.S. Government
agency.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements," including with regard to the
anticipated use of the net proceeds from the offering. 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.