BETHESDA, Md., Nov. 14, 2018 /PRNewswire/ -- AGNC Investment
Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that
it priced a public offering of 40,000,000 shares of common stock
for total expected gross proceeds of $690.8
million before underwriting discounts and commissions and
estimated expenses.
In connection with the offering, the Company has granted the
underwriters an option for 30 days to purchase up to an additional
6,000,000 shares of common stock. The offering is subject to
customary closing conditions and is expected to close on or about
November 19, 2018.
AGNC expects to use the net proceeds from this offering to
finance the acquisition of agency securities, non-agency securities
(including credit risk transfer securities), other real
estate-related assets and hedging instruments and for other general
corporate purposes.
Credit Suisse, Citigroup, J.P. Morgan, Morgan Stanley, BofA
Merrill Lynch and Goldman Sachs & Co. LLC are joint
book-running managers for the offering. Keefe, Bruyette &
Woods, A Stifel Company, and RBC Capital Markets are also serving
as book-runners for the offering.
The offering will be made pursuant to AGNC's existing effective
registration statement, previously filed with the Securities and
Exchange Commission (the "SEC"). The offering of these
securities will be made only by means of a prospectus. Copies
of the prospectus and prospectus supplement may be obtained by
contacting:
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
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Or by telephone: 800-831-9146
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
BofA Merrill Lynch
Attention: Prospectus Department
200 North College Street
3rd Floor
Charlotte, NC 28255-0001
Or by email: dg.prospectus_requests@baml.com
Goldman Sachs & Co. LLC
Attention: Prospectus Department
200 West Street
New York, New York 10282
Or by telephone: 866-471-2526
Or by email: prospectus-ny@ny.email.gs.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 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
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
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.