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PRNewswire 10-Mar-2023 4:01 PM
BETHESDA, Md., March 10, 2023 /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 2023 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), 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock") underlying its outstanding depositary shares (NASDAQ:AGNCP), and 7.750% Series G Fixed-Rate Reset Cumulative Redeemable Preferred Stock (the "Series G Preferred Stock") underlying its outstanding depositary shares (NASDAQ:AGNCL).
Series | Ticker | Per Annum | Dividend Per | Payment Date | Record Date | ||||||||||
C | AGNCN | 9.94071%(2) | $0.62129 | April 17, 2023 | April 1, 2023 | ||||||||||
D | AGNCM | 6.875%(3) | $0.4296875 | April 17, 2023 | April 1, 2023 | ||||||||||
E | AGNCO | 6.50%(4) | $0.40625 | April 17, 2023 | April 1, 2023 | ||||||||||
F | AGNCP | 6.125%(5) | $0.3828125 | April 17, 2023 | April 1, 2023 | ||||||||||
G | AGNCL | 7.750%(6) | $0.48438 | April 17, 2023 | April 1, 2023 |
(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, Series F Preferred Stock and Series G Preferred Stock, as applicable. |
(2) | The Series C Preferred Stock will accrue dividends at a floating rate equal to Three-Month LIBOR plus a spread of 5.111% per annum. Three-Month LIBOR for the dividend period from January 15, 2023 to April 14, 2023 is 4.82971% per annum. As a result, the dividend rate for the dividend period ending April 14, 2023 is 9.94071% per annum. |
(3) | 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 Three-Month LIBOR plus a spread of 4.332% per annum. |
(4) | 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 Three-Month LIBOR plus a spread of 4.993% per annum. |
(5) | 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 Three-Month LIBOR plus a spread of 4.697% per annum. |
(6) | The Series G Preferred Stock will accrue dividends from and including the original issue date to (but excluding) October 15, 2027 at a fixed rate of 7.75% per annum. From and including October 15, 2027, the dividend rate will reset during each reset period at a fixed rate equal to the five-year U.S. Treasury Rate plus a spread of 4.39% per annum. |
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.