BETHESDA, Md., Sept. 11, 2019 /PRNewswire/ -- AGNC Investment
Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that
its Board of Directors has elected John D.
Fisk and Frances R. Spark as
members of the Board effective immediately. Mr. Fisk will serve as
an independent director on the Compensation and Corporate
Governance Committee, and Ms. Spark will serve as an independent
director on the Audit Committee. AGNC's Board of Directors now
consists of seven members, including six independent directors.
"My fellow directors and I are delighted to welcome John and
Frances to AGNC's Board of Directors," said Prue Larocca, Chair of AGNC's Board. "Their
highly specialized and unique industry expertise complements and
strengthens our Board's collective skillset and domain expertise,
and we expect that they will play an integral role in guiding AGNC
in the years ahead."
"As proven leaders, John and Frances together bring a wealth of
valuable experience, strong leadership and exceptional knowledge of
the mortgage and financial markets," added Gary Kain, AGNC's Chief Executive Officer and
Chief Investment Officer. "Our executive leadership team looks
forward to collaborating with them to continue to deliver strong
returns for our shareholders."
Mr. Fisk retired in March 2019 as
the Chief Executive Officer of the FHLBanks Office of Finance, a
division of the Federal Home Loan Banks that issues and services
all debt securities for the regional Federal Home Loan Banks,
supporting borrowings of $1 trillion.
Mr. Fisk had previously served as the Deputy Managing Director and
Chief Operating Officer of the FHLBanks Office of Finance from 2004
until 2007 when he became the Chief Executive Officer. Prior to
joining the FHLBanks Office of Finance, Mr. Fisk was the Executive
Vice President of Strategic Planning at MGIC Investment
Corporation, one of the nation's largest providers of mortgage
insurance, from 2002 until 2004. Mr. Fisk holds an MBA in Finance
and Public Management from The Wharton School at the University of Pennsylvania and a BA from
Yale University.
Ms. Spark is an experienced finance professional with broad
expertise in mortgage finance and financial reporting for
publicly-traded companies, including mortgage REITs. Ms. Spark
served as the Chief Financial Officer and Treasurer for CYS
Investments, Inc., a publicly traded mortgage REIT that invested
predominantly in agency mortgage-backed securities, from 2009
through 2016. Prior to the internalization of CYS's management in
2011, Ms. Spark also served as the Chief Financial Officer and
Treasurer of CYS's external manager, Sharpridge Capital Management,
LP. She had served as a director and Audit Committee chair of CYS
from its initial capitalization in 2006 until shortly after its
initial public offering. Prior to CYS, Ms. Spark was the Chief
Financial Officer for MVC Capital, Inc., a business development
company, from 2003 until 2005. Ms. Spark's career has included
managing Spark Consulting, a privately owned strategic advisory and
business consulting firm, and executive positions with financial
services firms in the United
States and the United
Kingdom. Ms. Spark is a Chartered Accountant and previously
worked as an auditor with KPMG in the United Kingdom. She holds a BS from the
University of Southampton in the United
Kingdom. Ms. Spark has served as an independent director and
a member of the Audit and Risk Committees of Reverse Mortgage
Investment Trust, a private finance company operating in the
reverse mortgage industry, since 2015.
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.