AGNC Commences Public Offering of Common Stock
27 October 2009 - 7:02AM
PR Newswire (US)
BETHESDA, Md., Oct. 26 /PRNewswire-FirstCall/ -- American Capital
Agency Corp. (NASDAQ:AGNC) ("AGNC" or the "Company") announced
today it has commenced a public offering of 4,000,000 shares of its
common stock. The Company has granted the underwriters an option to
purchase up to an additional 600,000 shares to cover
over-allotments. 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,
Deutsche Bank Securities and UBS Investment Bank are the joint
book-running managers for the offering. Credit Suisse and JMP
Securities are the joint-lead managers, with Keefe, Bruyette &
Woods, Inc. and RBC Capital Markets acting as 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, Deutsche Bank
Securities, Prospectus Department, Harborside Financial Center, 100
Plaza One, Jersey City, New Jersey 07311-3988; telephone: (800)
503-4611 or UBS Investment Bank, Attn: Prospectus Department, 299
Park Avenue, New York, New York 10171; telephone: (888) 827-7275.
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(1)
and nine offices in the U.S., Europe and Asia. (1) As of June 30,
2009. 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 Contact of American Capital Agency
Corp., +1-301-968-9300 Web Site: http://www.agnc.com/
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