AGNC Commences Public Offering of Common Stock
11 August 2009 - 6:08AM
PR Newswire (US)
BETHESDA, Md., Aug. 10 /PRNewswire-FirstCall/ -- American Capital
Agency Corp. (NASDAQ:AGNC) ("AGNC" or the "Company") announced
today it has commenced a public offering of 3.25 million shares of
its common stock. The Company has granted the underwriters an
option to purchase up to an additional 487,500 shares to cover
overallotments. AGNC expects to use the net proceeds from this
offering to acquire additional agency securities as market
conditions warrant and for general corporate purposes. Citi and
Deutsche Bank Securities are joint book-running managers for the
offering. Credit Suisse, JMP Securities and UBS Investment Bank are
the co-managers for the offering. The offering will be made under
AGNC's existing shelf registration statement filed with the
Securities and Exchange Commission. This press release is neither
an offer to sell nor a solicitation of an offer to buy shares of
common stock. The offering of these securities will be made only by
means of a prospectus and a related prospectus supplement. When
available, copies of the prospectus and prospectus supplement may
be obtained from Citi, Brooklyn Army Terminal, 140 58th Street, 8th
Floor, Brooklyn, New York 11220; telephone: (800) 831-9146 or
Deutsche Bank Securities, Prospectus Department, Harborside
Financial Center, 100 Plaza One, Jersey City, New Jersey
07311-3988; telephone: (800) 503-4611. ABOUT AGNC AGNC is a REIT
that invests 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 an affiliate of American Capital, Ltd. ("American
Capital"). ABOUT AMERICAN CAPITAL American Capital is a publicly
traded private equity firm and global asset manager. American
Capital, both directly and through its asset management business,
originates, underwrites and manages investments in middle market
private equity, leveraged finance, real estate and structured
products. Founded in 1986, American Capital has $11 billion in
capital resources under management and ten offices in the U.S.,
Europe and Asia. FORWARD-LOOKING STATEMENTS This press release
contains forward-looking statements. Forward-looking statements are
based on estimates, projections, beliefs and assumptions of
management of the Company at the time of such statements and are
not guarantees of future performance. Forward-looking statements
involve risks and uncertainties in predicting future results and
conditions. Actual results could differ materially from those
projected in these forward-looking statements due to a variety of
factors, including, without limitation, 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. Certain factors that could cause actual results to differ
materially from those contained in the forward-looking statements,
are included in the Company's periodic reports filed with the
Securities and Exchange Commission ("SEC"). Copies are available on
the SEC's website, http://www.sec.gov/. The Company disclaims any
obligation to update or revise any forward-looking statements based
on the occurrence of future events, the receipt or new information,
or otherwise. CONTACT: Investors - (301) 968-9300 DATASOURCE:
American Capital Agency Corp. CONTACT: Investors of American
Capital Agency Corp., +1-301-968-9300
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