AGNC Investment Corp. 10.1219% Perpetual Preferred Stock (AGNCO)

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https://agnc.com

AGNC Investment Corp. 10.1219% Perpetual Preferred Stock is a fixed-rate perpetual preferred equity security issued by AGNC Investment Corp., a real estate investment trust focused on investing in agency residential mortgage-backed securities. These securities, including residential mortgage pass-throughs and collateralized mortgage obligations, have principal and interest payments guaranteed by U.S. government-sponsored enterprises like Fannie Mae and Freddie Mac or agencies such as Ginnie Mae. This preferred stock offers a fixed dividend rate of 10.1219% per annum, paid cumulatively on depositary shares representing a 1/1,000th interest in the Series E shares, providing priority over common stock dividends and liquidation proceeds. As a perpetual instrument, it lacks a maturity date, allowing for indefinite dividend payments subject to the issuer's discretion and operational continuity. It plays a key role in the REIT's capital structure, enabling leveraged investments in the housing and mortgage markets while appealing to income-oriented market participants seeking stable, senior claims in the real estate sector. Headquartered in Bethesda, Maryland, AGNC Investment Corp. uses such securities to support its mortgage-focused portfolio.