Home News AGNC prices $300M depositary share offering – AGNC Investment Corp. (NASDAQ:AGNC)

AGNC prices $300M depositary share offering – AGNC Investment Corp. (NASDAQ:AGNC)

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AGNC Investment Corp. (AGNC +0.3%) has priced 12M Depositary Shares for gross proceeds of $300M.

The shares have a liquidation preference of $25 each. Each represents a 1/1000th interest in a share of AGNC’s 7% series C fixed-to-floating rate cumulative redeemable preferred stock.

It will use net proceeds to redeem all of its 8% series A cumulative redeemable preferred stock.

Underwriters have a 30-day option to buy up to an additional 1.8M Depositary Shares.

Joint book-runners are Morgan Stanley, BofA Merrill Lynch, UBS Investment Bank, J.P. Morgan, RBC Capital Markets, and Keefe, Bruyette & Woods.



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