Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, April 19, 9:28 AM
This Slide: #454 of 620 |
Slide #454. 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, which consist of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (together with Fannie Mae, GSEs), or by a U.S. Government agency, such as the Government National Mortgage Association. Co. also invests in other assets related to the housing, mortgage or real estate markets that are not guaranteed by a GSE or U.S. Government agency.
Preferreds: AGNCN, AGNCM, AGNCO, AGNCP, AGNCL
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