Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Wed, November 30, 4:47 PM
|This Slide: #435 of 601|
Slide #435. American Capital Agency Corp. — Preferred Stock Offering
American Capital Agency Corp. (NASDAQ:AGNC)
7.750% Series B Cumulative Redeemable Preferred Stock (AGNCB)
Date of Pricing:
Price Per Share:
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.
Open the AGNC Page at Preferred Stock Channel »
Open the AGNCB Page at Preferred Stock Channel for More Information About this Preferred »
Free Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts