AGNC Investment Corp. Declares Fourth Quarter Dividends on Preferred Stock
December 10 2019 - 4:01PM
PR Newswire (US)
BETHESDA, Md., Dec. 10,
2019 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC"
or the "Company") announced today that its Board of Directors has
declared cash dividends for the fourth quarter 2019 on its 7.00%
Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred
Stock (the "Series C Preferred Stock") underlying its outstanding
depositary shares (Nasdaq: AGNCN), 6.875% Series D
Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the
"Series D Preferred Stock") underlying its outstanding depositary
shares (Nasdaq: AGNCM) and 6.50% Series E Fixed-to-Floating Rate
Cumulative Redeemable Preferred Stock (the "Series E Preferred
Stock") underlying its outstanding depositary shares (Nasdaq:
AGNCO).
Series
|
Ticker
|
Per Annum
Dividend Rate
|
Dividend Per
Depositary
Share(1)
|
Payment
Date
|
Record
Date
|
C
|
AGNCN
|
7.00%(2)
|
$0.43750
|
January 15,
2020
|
January 1,
2020
|
D
|
AGNCM
|
6.875%(3)
|
$0.4296875
|
January 15,
2020
|
January 1,
2020
|
E
|
AGNCO
|
6.50%(4)
|
$0.46042(5)
|
January 15,
2020
|
January 1,
2020
|
(1) Each depositary share represents a
1/1,000th interest in a share of the Series C Preferred Stock,
Series D Preferred Stock or Series E Preferred Stock, as
applicable.
|
(2) The
dividend rate for the Series C Preferred Stock will accrue
dividends from and including the original issue date to (but
excluding) October 15, 2022 at a fixed rate of 7.00% per annum and,
from and including October 15, 2022, at a floating rate equal to
Three-Month LIBOR plus a spread of 5.111% per
annum.
|
(3) The dividend
rate for the Series D Preferred Stock will accrue dividends from
and including the original issue date to (but excluding) April 15,
2024 at a fixed rate of 6.875% per annum and, from and including
April 15, 2024, at a floating rate equal to the Three-Month LIBOR
plus a spread of 4.332% per annum.
|
(4) The dividend
rate for the Series E Preferred Stock will accrue dividends from
and including the original issue date to (but excluding) October
15, 2024 at a fixed rate of 6.50% per annum and, from and including
October 15, 2024, at a floating rate equal to the Three-Month LIBOR
plus a spread of 4.993% per annum.
|
(5) Dividend
amount reflects dividend payable for an extended initial dividend
period from the initial issuance date of October 3, 2019
through January 14, 2020.
|
For further information or questions, please contact Investor
Relations at (301) 968-9300 or IR@AGNC.com.
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. For
further information, please refer to www.AGNC.com.
CONTACT:
Investor Relations - (301) 968-9300
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SOURCE AGNC Investment Corp.
Copyright 2019 PR Newswire
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