American Capital Agency Declares $0.31 Dividend
24 June 2008 - 3:26AM
PR Newswire (US)
BETHESDA, Md., June 23 /PRNewswire-FirstCall/ -- American Capital
Agency Corp. ("American Capital Agency" or the "Company")
(NASDAQ:AGNC) announced today that its Board of Directors has
declared a cash dividend of $0.31 per share for the shortened
"stub" period from the closing of the Company's initial public
offering ("IPO") and concurrent private placement on May 20, 2008
through June 30, 2008. The second quarter 2008 dividend is payable
on July 29, 2008 to common shareholders of record as of July 2,
2008, with an ex-dividend date of June 30, 2008. "On May 20, 2008,
the Company raised over $286 million in net proceeds from its IPO
and concurrent private placement," commented Malon Wilkus,
Chairman, President and CEO. "Since then, the Company has invested
these net proceeds, along with proceeds from borrowings under
repurchase agreements with 12 global financial institutions, in
approximately $2.5 billion of agency securities. On average, the
portfolio was deployed for approximately 27 days during the stub
period. With the successful deployment of our capital, we are
pleased to be in a position to declare our inaugural dividend of
$0.31 per share and expect that this will be the first of many
attractive dividends for our shareholders for years to come." ABOUT
AMERICAN CAPITAL AGENCY American Capital Agency is a real estate
investment trust (REIT) formed in 2008 to invest exclusively in
agency pass-through securities and collateralized mortgage
obligations for which the principal and interest payments are
guaranteed by a U.S. Government agency or a U.S.
Government-sponsored entity. The Company is externally managed and
advised by American Capital Agency Management, LLC, a wholly-owned
subsidiary of a wholly-owned portfolio company of American Capital
Strategies, Ltd. ("American Capital") (NASDAQ:ACAS). ABOUT AMERICAN
CAPITAL With $21 billion in capital resources under management(1),
American Capital is the only private equity fund and alternative
asset management company in the S&P 500. American Capital, both
directly and through its global asset management business, is an
investor in management and employee buyouts, private equity buyouts
and early stage and mature private and public companies. American
Capital provides senior debt, mezzanine debt and equity to fund
growth, acquisitions, recapitalizations and securitizations.
American Capital and its affiliates invest from $5 million to $800
million per company in North America and euro 5 million to euro 500
million per company in Europe. FORWARD-LOOKING STATEMENTS This
press release contains forward-looking statements. Forward-looking
statements are not guarantees of future performance and are subject
to various factors and uncertainties in predicting future results
and conditions. Forward-looking statements can be identified by the
fact that they do not relate strictly to historical or current
facts. They often include words such as "believe," "expect,"
"anticipate," "estimate" and "intend" or future or conditional
verbs such as "will," "would," "should," "could" or "may." Certain
factors that could cause actual results to differ materially from
expected results include changes in interest rates, changes in the
yield curve, changes in prepayment rates, the availability and
terms of financing, changes in the market value of our assets,
general economic conditions, market conditions, conditions in the
market for agency securities, and legislative and regulatory
changes that could adversely affect the business of the Company.
For a discussion of the risks and uncertainties which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Registration Statement on Form S-11, as amended, filed with the
Securities and Exchange Commission on May 14, 2008 (the
"Registration Statement"). The Company disclaims any obligation or
undertaking to publicly release any updates or revisions to any
forward-looking statement for any reason, except as otherwise
required by law. Persons considering an investment in the Company
should consider the investment objectives, risks and charges and
expenses of the Company carefully before investing. Such
information and other information about the Company is available in
the Company's Registration Statement filed with the Securities and
Exchange Commission. Copies are available on the SEC's website,
http://www.sec.gov/. Prospective investors should read such
material carefully before investing. (1) Capital resources under
management is an estimate of internally and externally managed
assets and available capital resources as of May 31, 2008 and does
not include any fair value adjustments subsequent to March 31,
2008. DATASOURCE: American Capital Agency Corp. CONTACT: John
Erickson, Chief Financial Officer, or Tom McHale, Senior Vice
President, Finance, American Capital, or Justin Cressall, Vice
President, Equity Capital Markets, American Capital,
+1-301-968-9300 Web site: http://www.americancapital.com/
Copyright
AGNC Investment (NASDAQ:AGNC)
Historical Stock Chart
From Jun 2024 to Jul 2024
AGNC Investment (NASDAQ:AGNC)
Historical Stock Chart
From Jul 2023 to Jul 2024