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).
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Series
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Ticker
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Per Annum
Dividend Rate
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Dividend Per
Depositary Share(1)
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Payment
Date
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Record
Date
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C
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AGNCN
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9.94071%(2)
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$0.62129
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April 17,
2023
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April 1,
2023
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D
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AGNCM
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6.875%(3)
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$0.4296875
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April 17,
2023
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April 1,
2023
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E
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AGNCO
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6.50%(4)
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$0.40625
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April 17,
2023
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April 1,
2023
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F
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AGNCP
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6.125%(5)
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$0.3828125
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April 17,
2023
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April 1,
2023
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G
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AGNCL
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7.750%(6)
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$0.48438
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April 17,
2023
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April 1,
2023
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(1)
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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.
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(2)
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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.
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(3)
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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.
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(4)
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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.
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(5)
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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.
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(6)
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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.
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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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content:https://www.prnewswire.com/news-releases/agnc-investment-corp-declares-first-quarter-dividends-on-preferred-stock-301769294.html
SOURCE AGNC Investment Corp.