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AGNC Investment Corp., 8.00% Series A Cumulative Redeem Preferred Stock
Ticker Symbol: AGNCP* CUSIP: 00123Q203 Previous CUSIP: 02503X204 Exchange: NGS
* NOTE: This security is no longer trading as of 9/15/2017
Security has been Called for: Friday, September 15, 2017
Aug. 16, 2017 -- AGNC Investment Corp. (Nasdaq: AGNC) announced today that it will redeem all 6.9 million of the issued and outstanding shares of its 8.000% Series A Cumulative Redeemable Preferred Stock. The redemption amount will be $25.00 per share, plus $0.333 per share of accrued and unpaid dividends to, but not including, the redemption date of September 15, 2017 (the Redemption Date).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: AGNC Investment Corp., formerly American Capital Agency Corp., 8.00% Series A Cumulative Redeem Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 4/5/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.00% ($2.00) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date which will be the first calendar day of the month in which the payment is due (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Upon the occurrence of a change of control the company will have the option to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will not have the following conversion right. Upon the occurrence of a change of control, and the company has not provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (AGNC)
IPO - 3/29/2012 - 6.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Name: American Capital Agency Corp., 8.00% Series A Cumulative Redeem Preferred Stock Changed: 10/03/2016
Market Value $150.0 Million
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, 12th Floor, Bethesda, MD 20814 |
Main Phone Number |
301-968-9300 |
Fax Number |
301-968-9301 |
Investor Relations
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301-968-9300
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Toll Free Phone Number |
Unknown |
CEO - Gary Kain |
CFO - John R. Erickson |
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