American Capital Agency Corp. Adds Two Members To Its Board Of
Directors
BETHESDA, Md., Feb. 7, 2013 /PRNewswire/ -- American
Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company")
announced that at a meeting today, the Company's Board of Directors
voted to increase the size of the Board by two and elected
Prue B. Larocca and John R. Erickson to the new
positions.
"We are very excited to have Prue and John join our Board of
Directors," said Malon Wilkus, Chair
and Chief Executive Officer of AGNC. "Both of these Directors bring
a wealth of insight and experience, which will be invaluable to our
Board, and I expect that they will play an integral role in guiding
AGNC in the years ahead."
Ms. Larocca retired in 2011 from Royal Bank of Scotland (RBS), where from 1997 until her
retirement, she was a Managing Director in the firm's Mortgage
Backed and Asset Backed Finance Group. She is a widely
recognized expert in the areas of housing finance and
securitization and is a member of the board of the Housing
Preservation Foundation as well as having previously served two
terms on the board of the American Securitization Trade
Association. Prior to joining RBS, Ms. Larocca was a Senior
Vice President at Lehman Brothers in the mortgage finance business,
managed the consumer and single family securitization business for
the Resolution Trust Corporation, practiced law with the firms of
Milbank, Tweed, Hadley and McCloy as well as Kutak Rock. She
is a graduate of the Georgetown
University Law Center and Indiana
University.
Mr. Erickson has served as the Company's Executive Vice
President and Chief Financial Officer since its formation in
2008. He is also Executive Vice President and Treasurer of
the Company's Manager, American Capital AGNC Management, LLC.
Mr. Erickson is also the Executive Vice President and Chief
Financial Officer and a member of the Board of Directors of
American Capital Mortgage Investment Corp. Mr. Erickson has
also served as President, Structured Finance of American Capital,
Ltd. since 2008 and as its Chief Financial Officer since
1998. From 1991 to 1998, Mr. Erickson was the Chief Financial
Officer of Storage USA, Inc., a
REIT formerly traded on the New York Stock
Exchange.
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.
ABOUT AMERICAN CAPITAL
American Capital (Nasdaq:
ACAS) 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. American Capital manages
$18.6 billion of assets, including
assets on its balance sheet and fee earning assets under management
by affiliated managers, with $118
billion of total assets under management (including levered
assets). American Capital, through a wholly-owned portfolio
company, manages publicly traded American Capital Agency Corp.
(Nasdaq: AGNC) with approximately $10
billion market capitalization and American Capital Mortgage
Investment Corp. (Nasdaq: MTGE) with approximately $850 million market capitalization. From
its eight offices in the U.S. and Europe, American Capital and its affiliate,
European Capital, will consider investment opportunities from
$10 million to $750 million.
For further information, please refer to
www.AmericanCapital.com.
CONTACT:
Investors – (301)
968-9300
SOURCE American Capital Agency Corp.