Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Fri, May 20, 10:32 PM

This Slide: #409 of 581

Slide #409. American Capital Mortgage Investment Corp. — Preferred Stock Offering

Company:	American Capital Mortgage Investment Corp. (MTGE)
Date announced:	5/15/2014
Security type:	8.125% Series A Cumulative Redeemable Preferred Stock (MTGEP)
Shares Offered:	2,000,000
Date of Pricing:	5/15/2014
Price Per Share:	$25
Preferred Stock Offering Details:	American Capital Mortgage Investment Corp. (Nasdaq: MTGE) ("MTGE" or the "Company") announced today that it has commenced an underwritten public offering of its Series A Cumulative Redeemable Preferred Stock. The Company has applied to list the Series A Preferred Stock on the NASDAQ Global Select Market under the symbol "MTGEP". -- updated 5/15 - American Capital Mortgage Investment Corp. (Nasdaq: MTGE) ("MTGE" or the "Company") announced today that it has priced a public offering of 2 million shares of its 8.125% Series A Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share, for estimated gross proceeds of $50 million. MTGE has also granted the underwriters an option to purchase up to an additional 300,000 shares of Series A Preferred Stock for 30 days following this offering. The offering is subject to customary closing conditions and is expected to close on or about May 22, 2014.

MTGE Investment invests in, finances and manages a portfolio of real estate-related investments, which include agency residential mortgage-backed securities (RMBS), non-agency securities, other mortgage-related investments and other real estate investments. Agency RMBS include residential mortgage pass-through certificates and collateralized mortgage obligations. Non-agency securities include securities backed by residential mortgages that are not guaranteed by a government-sponsored enterprise or U.S. Government agency and credit risk transfer securities. Other mortgage-related investments may include mortgage servicing rights and commercial mortgage-backed securities.

Preferred: MTGEP