BETHESDA, Md., Feb. 6, 2012 /PRNewswire/ -- American
Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company")
announced today that its Board of Directors has declared a cash
dividend of $1.25 per share for the
first quarter 2012. The dividend is payable on April 27, 2012 to common shareholders of record
as of March 7, 2012, with an
ex-dividend date of March 5,
2012.
"This is the first time in two and half years that we have
adjusted our dividend," commented Gary
Kain, AGNC President and Chief Investment Officer.
"Our practice of not distributing all of our taxable income
annually has reduced the need to make quarterly adjustments to our
dividend. We set the new dividend level based on our evaluation of
current market conditions. We ended 2011 with $0.80 per share of estimated undistributed
taxable income, which we believe enhances the stability of the
dividend at the current level, over the near term. At its
current level, the $1.25 per share
dividend represents a dividend yield of approximately 17%."
STOCKHOLDER CALL
The dividend declaration and the fourth quarter 2011 financial
results will be discussed on the quarterly AGNC stockholder call on
Tuesday, February 7, 2012 at 11:00
am ET. The call is open to stockholders, prospective
stockholders, analysts and other interested persons and can be
accessed through a live webcast, free of charge, at www.AGNC.com or
by dialing (877) 569-8701 (U.S. domestic) or +1 (574) 941-7382
(international). Please provide the operator with the
conference ID number 42070592. If you do not plan on asking a
question on the call and have access to the internet, please take
advantage of the webcast.
A slide presentation will accompany the call and will be
available at www.AGNC.com. Select the Q4 2011 Earnings
Presentation link to download and print the presentation in advance
of the Stockholder Call.
An archived audio of the stockholder call combined with the
slide presentation will be made available on the Company's website
after the call on February 7.
In addition, there will be a phone recording available from
1:00 pm ET February 7 until 11:59 pm
ET February 21. If you are
interested in hearing the recording of the presentation, please
dial (855) 859-2056 (U.S. domestic) or (404) 537-3406
(international). The conference ID number is 42070592.
ABOUT AMERICAN CAPITAL AGENCY CORP.
American Capital Agency Corp. is a real estate investment trust
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 AGNC Management, LLC, an affiliate of
American Capital, Ltd. ("American Capital"). For further
information, please refer to www.AGNC.com. Further
information on the company can be obtained by contacting the
Investor Relations Department at (301) 968-9300 or IR@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 $57 billion in
assets under management and seven offices in the U.S. and
Europe. American Capital and its
affiliates will consider investment opportunities from $10 million to $300 million. For further
information, please refer to www.AmericanCapital.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements.
Forward-looking statements are based on estimates, projections,
beliefs and assumptions of management of the Company at the time of
such statements and are not guarantees of future performance.
Forward-looking statements involve risks and uncertainties in
predicting future results and conditions. Actual results could
differ materially from those projected in these forward-looking
statements due to a variety of factors, including, without
limitation, changes in interest rates, changes in the yield curve,
changes in prepayment rates, the availability and terms of
financing, changes in the market value of our assets, general
economic conditions, market conditions, conditions in the market
for agency securities, and legislative and regulatory changes that
could adversely affect the business of the Company. Certain factors
that could cause actual results to differ materially from those
contained in the forward-looking statements, are included in the
Company's periodic reports filed with the Securities and Exchange
Commission ("SEC"). Copies are available on the SEC's website,
www.sec.gov. The Company disclaims any obligation to update or
revise any forward-looking statements based on the occurrence of
future events, the receipt or new information, or
otherwise.
CONTACT:
Investors – (301) 968-9300
SOURCE American Capital Agency Corp.