American Capital Agency Corp 7.75% Series B Cumulative Redeemable Preferred Stock

By: ,

Date Issued 5/5/2014    

Shares Issued  7,000,000   Over-allotment shares  1,050,000 

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   AGNCB    OTC Temporary Ticker  AGNCL (trades starting 5/7/2014)

Market Traded ON   NASDAQ

Dividend Payment Paid on the 15th of January, April, July and October beginning on 7/15/2014

Quarterly Dividend   .484   Annual Dividend   1.9375

Securities may be redeemed, at the issuers option, as early as 5/08/2019 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will NOT Be a Qualified Distributions.  Preferential tax treatment IS NOT available on preferred shares of REITs

It should be noted that this issue is a ‘perpetual’ issue which means there is a possibility that it will never be redeemed.

Company Investor Relations Page for American Capital Agency

Below you can find the offering Prospectus and 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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