BETHESDA, Md., March 13, 2020 /PRNewswire/ -- AGNC Investment Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that its Board of Directors has declared cash dividends for the first quarter 2020 on its 7.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") underlying its outstanding depositary shares (Nasdaq: AGNCN), 6.875% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock") underlying its outstanding depositary shares (Nasdaq: AGNCM), 6.50% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock") underlying its outstanding depositary shares (Nasdaq: AGNCO) and 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock") underlying its outstanding depositary shares (Nasdaq: AGNCP).
|
Series
|
Ticker
|
Per Annum
Dividend Rate
|
Dividend Per
Depositary
Share(1)
|
Payment
Date
|
Record
Date
|
|
C
|
AGNCN
|
7.00%(2)
|
$0.43750
|
April 15, 2020
|
April 1, 2020
|
|
D
|
AGNCM
|
6.875%(3)
|
$0.4296875
|
April 15, 2020
|
April 1, 2020
|
|
E
|
AGNCO
|
6.50%(4)
|
$0.40625
|
April 15, 2020
|
April 1, 2020
|
|
F
|
AGNCP
|
6.125%(5)
|
$0.27222(6)
|
April 15, 2020
|
April 1, 2020
|
(1) Each depositary share represents a 1/1,000th interest in a share of the Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock, as applicable.
(2)The dividend rate for the Series C Preferred Stock will accrue dividends from and including the original issue date to (but excluding) October 15, 2022 at a fixed rate of 7.00% per annum and, from and including October 15, 2022, at a floating rate equal to Three-Month LIBOR plus a spread of 5.111% per annum.
(3) The dividend rate for the Series D Preferred Stock will accrue dividends from and including the original issue date to (but excluding) April 15, 2024 at a fixed rate of 6.875% per annum and, from and including April 15, 2024, at a floating rate equal to the Three-Month LIBOR plus a spread of 4.332% per annum.
(4) The dividend rate for the Series E Preferred Stock will accrue dividends from and including the original issue date to (but excluding) October 15, 2024 at a fixed rate of 6.50% per annum and, from and including October 15, 2024, at a floating rate equal to the Three-Month LIBOR plus a spread of 4.993% per annum.
(5) The dividend rate for the Series F Preferred Stock will accrue dividends from and including the original issue date to (but excluding) April 15, 2025 at a fixed rate of 6.125% per annum and, from and including April 15, 2025, at a floating rate equal to the Three-Month LIBOR plus a spread of 4.697% per annum.
(6) Dividend amount reflects dividend payable for a partial dividend period from the initial issuance date of February 11, 2020 through April 14, 2020.
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.
