Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, May 21, 9:24 AM
This Slide: #415 of 581 |
Slide #415. American Capital Agency Corp. — Preferred Stock Offering
Company:
American Capital Agency Corp. (NASDAQ:AGNC)
Date announced:
5/5/2014
Security type:
7.750% Series B Cumulative Redeemable Preferred Stock (AGNCB)
Shares Offered:
7,000,000
Date of Pricing:
5/5/2014
Price Per Share:
$25.00
Preferred Stock Offering Details:
American Capital Agency Corp. (NASDAQ: AGNC) ("AGNC" or the "Company") announced today that it has commenced an underwritten public offering of its depositary shares (the "Depositary Shares"), each representing a 1/1,000th interest in a share of the Company's Series B Cumulative Redeemable Preferred Stock. The Company has applied to list the Depositary Shares on the NASDAQ Global Select Market under the symbol "AGNCB". - updated 5/6 - American Capital Agency Corp. (NASDAQ: AGNC) ("AGNC" or the "Company") announced today that it has priced a public offering of 7 million depositary shares with a liquidation preference of $25.00 per share (the "Depositary Shares"), for estimated gross proceeds of $175 million. Each Depositary Share represents a 1/1,000th interest in a share of the Company's 7.750% Series B Cumulative Redeemable Preferred Stock. The offering is subject to customary closing conditions and is expected to close on or about May 8, 2014.
AGNC Investment is a real estate investment trust. Co. invests in Agency residential mortgage-backed securities for which the principal and interest payments are guaranteed by a United States Government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (together with Fannie Mae, the GSEs), or by a United States Government agency. Co. may also invest in other mortgage and mortgage-related residential and commercial mortgage-backed securities where repayment of principal and interest is not guaranteed by a GSE or United States Government agency or in other investments in, or related to, the real estate markets.
Preferred: AGNCP


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