BETHESDA, Md., Sept. 30, 2014 /PRNewswire/ -- American Capital
Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced
today that its Board of Directors has approved a change to the
Company's common stock dividend distribution schedule so that
distributions will now be made monthly rather than quarterly.
The Company's first monthly common dividend is scheduled to be
declared in October 2014 and paid in
November 2014.
The Company also announced that it will begin disclosing a
month-end net asset value ("NAV") estimate, for intra-quarter
months, concurrent with its monthly common dividend announcements,
beginning with its October 31, 2014
estimated NAV. There will be no change to the timing of the
Company's quarter-end NAV disclosure, which will continue to be
announced concurrent with the Company's regular quarterly earnings
results.
"We are pleased to announce the change to our common dividend
distribution schedule as well as the disclosure of monthly net
asset value estimates. We believe these initiatives will
provide significant benefits to our stockholders and are consistent
with our objective of enhancing shareholder value and providing
best-in-class disclosures," said Gary
Kain, President and Chief Investment Officer, American
Capital Agency Corp.
For further information or questions, please contact the AGNC
Investor Relations Department at (301) 968-9300 or IR@AGNC.com.
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, Ltd. (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, energy & infrastructure
and structured products. American Capital manages
$19 billion of assets, including
assets on its balance sheet and fee earning assets under management
by affiliated managers, with $83
billion of total assets under management (including levered
assets). Through an affiliate, American Capital manages
publicly traded American Capital Agency Corp. (Nasdaq: AGNC),
American Capital Mortgage Investment Corp. (Nasdaq: MTGE) and
American Capital Senior Floating, Ltd. (Nasdaq: ACSF) with
approximately $11 billion of total
net book value. 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
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 important 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 the
Company's 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:
Investor Relations - (301) 968-9300
SOURCE American Capital Agency Corp.