AGNC Declares $1.00 Third Quarter Dividend
September 19 2008 - 2:15PM
PR Newswire (US)
BETHESDA, Md., Sept. 19 /PRNewswire-FirstCall/ -- American Capital
Agency Corp. (NASDAQ:AGNC) (the "Company") announced today that its
Board of Directors has declared a cash dividend of $1.00 per share
for the third quarter 2008. The dividend is payable on October 10,
2008 to common shareholders of record as of September 29, 2008,
with an ex-dividend date of September 25, 2008. Malon Wilkus,
Chairman, President and CEO commented, "The third quarter of 2008
marks an important milestone for AGNC as it represents the
Company's first full quarter of operations since its IPO and thus,
its first opportunity to demonstrate the full strength of its
business model. Despite the current market volatility, we believe
that AGNC should be able to generate attractive dividend yields
while prudently managing leverage." ABOUT AGNC AGNC is a 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 an affiliate of American Capital,
Ltd. For further information, please refer to http://www.agnc.com/.
ABOUT AMERICAN CAPITAL American Capital, Ltd. (NASDAQ:ACAS) with
$20 billion in capital resources under management(1), is the only
private equity fund and the largest alternative asset management
company in the S&P 500. American Capital, both directly and
through its global asset management business, originates,
underwrites and manages investments in private equity, leveraged
finance, real estate and structured products. American Capital was
founded in 1986 and currently has 12 offices in the U.S. and
Europe. For further information, please refer to
http://www.acas.com/. 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.
Persons considering an investment in the Company should consider
the risks and uncertainties which could cause actual results to
differ from those contained in the forward-looking statements, as
well as the investment objectives, 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 on Form S-11, as amended, filed with the
Securities and Exchange Commission ("SEC") on May 14, 2008 and in
subsequent periodic reports filed with the SEC. Copies are
available on the SEC's website, http://www.sec.gov/. 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. (1) Capital resources
under management is internally and externally managed assets and
available capital resources as of June 30, 2008. DATASOURCE:
American Capital Agency Corp. CONTACT: John Erickson, Chief
Financial Officer, Tom McHale, Senior Vice President, Finance, or
Justin Cressall, Vice President, Equity Capital Markets, all of
American Capital, +1-301-968-9300, or fax, +1-301-968-9301 Web
site: http://www.agnc.com/ http://www.acas.com/
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