BETHESDA, Md., May 25, 2011 /PRNewswire/ -- American Capital
Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced
today that it has rescheduled its 2011 annual meeting of
stockholders, originally scheduled for May
31, 2011. The new meeting date and time is Friday, June 10, 2011 at 9
a.m. (ET). The annual meeting will be held at AGNC, located
at 2 Bethesda Metro Center, 14th Floor, Bethesda, Maryland 20814.
The Company also announced that it has supplemented its proxy
statement for the 2011 annual meeting to amend the charter
amendment proposal to eliminate the proposed increase in the
Company's authorized shares of preferred stock and to modify the
requested increase in the Company's authorized shares of common
stock. The amended proposal now only requests an increase in
the authorized number of shares of the Company's common stock to
300,000,000 instead of 500,000,000. The Company rescheduled
its annual meeting in order to provide its stockholders with
additional time to consider and vote on the amended proposal.
The annual meeting will be held for the purposes set forth
below.
- To elect the Board of Directors, with each director serving a
one-year term and until his successor is elected and
qualified;
- To approve an amendment to the Company's Amended and Restated
Certificate of Incorporation to increase the total authorized
number of shares of common stock from 150,000,000 to
300,000,000;
- To ratify the selection of Ernst & Young LLP to serve as
the Company's independent public accountant for the year ending
December 31, 2011; and
- To transact such other business as may properly come before the
meeting or any adjournment thereof.
The Board of Directors of the Company has recommended a vote
"FOR" all of the director nominees and "FOR" proposals 2 and 3
above.
Formal notice of the rescheduled meeting and the supplement to
the Company's proxy statement and revised proxy card are being
mailed today to the Company's stockholders. More information
on the items to be discussed at the meeting can be found in the
Company's proxy statement, which is available at
www.AGNC.com/2011proxymaterials.
Stockholders of record at the close of business on April 11, 2011 are entitled to notice of, and to
vote at, the 2011 annual meeting and any adjournment of the
meeting. If you wish to vote shares held in your name or attend the
annual meeting in person, please register in advance by emailing
Investor Relations at IR@AGNC.com or by phone at (301) 968-9300.
Attendance at the 2011 annual meeting will be limited to persons
presenting proof of stock ownership on the record date and picture
identification. If you hold shares directly in your name as the
stockholder of record, proof of ownership could include a copy of
your account statement or a copy of your stock certificate(s). If
you hold shares through an intermediary, such as a broker, bank or
other nominee, proof of stock ownership could include a proxy from
your broker, bank or other nominee or a copy of your brokerage or
bank account statement. Additionally, if you intend to vote your
shares at the meeting, you must request a "legal proxy" from your
broker, bank or other nominee and bring this legal proxy to the
meeting.
For further information or questions, please do not hesitate to
call the Company's Investor Relations Department at (301) 968-9300
or send an email to IR@AGNC.com.
ABOUT AMERICAN CAPITAL AGENCY CORP.
American Capital Agency Corp. is a REIT that invests 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 American Capital
Agency Management, LLC, an affiliate of American Capital, Ltd.
("American Capital"). For further information, please refer to
www.AGNC.com.
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 $37 billion in
assets under management and eight offices in the U.S., Europe and Asia. American Capital and its
affiliates will consider investment opportunities from $10 million to $300 million. For further
information, please refer to www.AmericanCapital.com.
CONTACT:
Investors – (301) 968-9300
SOURCE American Capital Agency Corp.