AGNC Investment Corp 7% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

By: ,

Date Issued  8/15/2017

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Shares Issued   12,000,000    Overallotment Shares  1,800,000

S&P Rating   NR    Moodys Rating   NR

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Security Ticker Symbol   AGNCN   OTC Temp Ticker  AGNNP

Market Traded ON   NASDAQ

Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2017

Quarterly Dividend   .4375   Annual Dividend   1.75

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Dividends will float after 10/15/2022 at a rate of 3 month libor plus 5.111%

Securities may be redeemed, at the issuers option, as early as 10/15/2022  the call price is $25 plus accrued dividends

Dividend Payment NOT will be Qualified Distributions (Preferred Stocks of REITs DO NOT pay Qualified Distributions)

Maturity Date   None

 

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Company Investor Relations Page for AGNC Investment

Click here to find the offering Prospectus and/or Final Pricing Document

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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