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MTGE Investment Corp.
Ticker Symbol: MTGE* CUSIP: 02504A104 Exchange: NGS
* NOTE: This security is no longer trading as of 9/07/2018
Company's Online Profile
BUSINESS: MTGE Investment Corp., formerly American Capital Mortgage Investment Corp. is a real estate investment trust (REIT) that invests in and manages a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other mortgage-related investments. The Company is externally managed and advised by American Capital MTGE Management, LLC, an affiliate of American Capital, Ltd.
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Notes: September 7, 2018 — Annaly Capital Management, Inc. (NYSE: NLY), announced today that it has completed the previously announced exchange offer for all of the outstanding shares of common stock of MTGE Investment Corp. The exchange offer to acquire all of the outstanding shares of MTGE common stock expired at 7:00 a.m., Eastern Time, on September 7, 2018. The depositary for the exchange offer has informed Annaly that a total of 34,632,768 shares of MTGE common stock, representing approximately 75.62% of MTGE’s outstanding common stock, were validly tendered and not validly withdrawn in the exchange offer. All shares that were validly tendered and not validly withdrawn have been accepted by Annaly for payment in accordance with the terms of the exchange offer and applicable law. Of the shares of MTGE common stock tendered in the exchange offer, holders of 5,739,769 shares made an election to receive the mixed consideration, holders of 5,462,059 shares made an election to receive the all-cash consideration and holders of 23,430,939 shares made an election to receive the all-stock consideration. MTGE common stockholders who elected to receive the mixed consideration or tendered without a valid election will receive the mixed consideration, which consists of $9.82 in cash and 0.9519 shares of Annaly common stock per share of MTGE common stock;
MTGE common stockholders who elected to receive the all-cash consideration will receive $19.65 in cash per share of MTGE common stock; and
MTGE common stockholders who elected to receive the all-stock consideration will be subject to proration at a rate of approximately 62%, and will receive their consideration in the form of $19.65 in cash for each share not accepted for the all-stock election due to proration and 1.9037 shares of Annaly common stock per share of MTGE common stock for shares that were accepted for the all-stock election.
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IPO - 8/4/2011 - 8.00 Million Shares @ $20.00/share.
Link to IPO Prospectus
Previous Name: American Capital Mortgage Investment Corp. Changed: 9/30/2016
Large Cap Stock -
Market Value $1.0 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 2 Bethesda Metro Center, 14th Floor, Bethesda, MD 20814 |
| Main Phone Number |
301-968-9220 |
| Fax Number |
301-968-9221 |
| Investor Relations
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301-968-9220
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Toll Free Phone Number |
Unknown |
| CEO - Malon Wilkus |
CFO - John R. Erickson |
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