AGNC Investment Corp. 9.67459% Perpetual Preferred Stock (AGNCN)

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https://agnc.com

AGNC Investment Corp. 9.67459% Perpetual Preferred Stock is a series of depositary shares, each representing 1/1,000th interest in a share of the company's cumulative redeemable preferred stock. This perpetual preferred stock offers a fixed-to-floating rate dividend structure, initially set at an effective rate reflected in its designation, transitioning after a specified period to 3-Month CME Term SOFR plus a spread. Dividends are paid quarterly on January 15, April 15, July 15, and October 15, accumulating if unpaid to ensure priority payout before common shareholders. Issued as part of AGNC Investment Corp.'s preferred equity offerings, it provides a hybrid security blending equity ownership with bond-like income stability, positioned between debt and common stock in the capital structure. The company, a real estate investment trust focused on residential mortgage-backed securities guaranteed by U.S. government agencies or enterprises, uses such instruments to raise stable capital. Redeemable at the company's option on or after its first call date at liquidation preference plus accumulated dividends, this stock appeals to investors seeking reliable dividend income without a maturity date. Founded in 2008 and headquartered in Bethesda, Maryland, AGNC Investment Corp. maintains multiple series of similar perpetual preferred stocks to support its mortgage investment operations.