#USA #Bethesda #Preferred Stock #Public Offering #AGNC Investment Corp

AGNC Investment Corp. Achieves Successful Pricing for Public Offering

On September 3, 2025, AGNC Investment Corp. (Nasdaq: AGNC) revealed the pricing of its recent public offering of depositary shares, marking a substantial milestone for the company. With the offering set at 12 million depositary shares priced at $25.00 each, AGNC is aiming to gather $300 million in gross proceeds prior to any deductions associated with underwriting and other expenses.

Each depositary share corresponds to a 1/1,000th interest in the company’s 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock. This structured offering reflects AGNC's strategic initiative to bolster its financial standing and expand its operational capabilities. In addition to the base offering, AGNC has accorded underwriters a 30-day option to purchase up to an additional 1.8 million depositary shares exclusively to tackle overallotments, showcasing a proactive approach to meeting market demand.

The company intends to list the depositary shares on The Nasdaq Global Select Market under the trading symbol “AGNCZ.” Expected to close around September 10, 2025, the offering will be subject to common closing conditions, further emphasizing the company's commitment to maintaining regulatory compliance and operational integrity.

The proceeds from this public offering hold significant potential for AGNC. The firm plans to leverage these funds to finance various avenues including the acquisition of Agency and non-Agency securities, engage in transactions with credit risk transfer securities, and invest in real estate-related assets. Furthermore, these funds will also aid in procuring hedging instruments and cater to general corporate purposes.

Leading this initiative, a roster of notable financial entities including Morgan Stanley, Goldman Sachs, J.P. Morgan, RBC Capital Markets, UBS Investment Bank, Wells Fargo, Citigroup, and Keefe, Bruyette & Woods will serve as the joint book-running managers. This diverse group reflects AGNC’s strategic choice of partners, ensuring a robust financial backing. Barclays Capital Inc. will play a supportive role as the co-manager for the offering.

AGNC operates under an existing effective shelf registration statement filed with the Securities and Exchange Commission (SEC). The company has already submitted a preliminary prospectus supplement for this offering, with a final version expected shortly. Stakeholders and interested investors can access these documents via the SEC's official website or directly through the investor relations departments of the involved financial institutions.

Founded in 2008, AGNC Investment Corp. has firmly established itself as a major player in the housing finance market, particularly in Agency residential mortgage-backed securities (Agency MBS). These assets, benefiting from guarantees against credit losses by entities such as Fannie Mae, Freddie Mac, and Ginnie Mae, position AGNC favorably in the sector. The company primarily finances its holdings through repurchase agreements while employing dynamic risk management strategies to mitigate interest rate and market risks, demonstrating a commitment to long-term stockholder value and stability.

This offering represents a proactive step for AGNC in navigating market fluctuations and enhancing its investment portfolio. The anticipated funding will play a critical role in fostering growth and maintaining AGNC's contribution to the U.S. residential housing market.

In summary, AGNC Investment Corp. continues to execute its strategic vision through public offerings and capital enhancements, aligning with its mission to deliver consistent and favorable returns to its shareholders. Stakeholders are encouraged to monitor upcoming communications from AGNC as the offering reaches its anticipated conclusion.