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AGNC Investment Corp., 6.50% Dep Shares Ser E Fix/Float Cumul Red Preferred Stk
Ticker Symbol: AGNCO CUSIP: 00123Q807 Exchange: NGS
QUANTUMONLINE.COM SECURITY DESCRIPTION: AGNC Investment Corp., 6.50% depositary shares, each representing a 1/1,000th interest in a depositary share of Series E Fixed-To-Floating Rate Cumulative Redeemable Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 10/15/2024 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be the first day of the month in which the payment is due (NOTE: the ex-dividend date is one business day prior to the record date). From 10/15/2024 dividends will be paid at a floating rate of the Three-Month LIBOR Three-Month CME Term SOFR plus 0.26161% plus 4.993% per annum. Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (AGNC)
Notes: 05/01/2024 -- From a notes on the Company's Webpage: The Series E Depositary Shares will accrue dividends from and including the original issue date to (but excluding) October 15, 2024 at a fixed rate of 6.50% per annum and, from and including October 15, 2024, at a floating rate equal to Three-Month CME Term SOFR plus 0.26161% plus a spread of 4.993% per annum.
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IPO - 9/26/2019 - 14.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: AGNIP Changed: 10/04/2019
Market Value $ Million
Click for current AGNCO price quote from the NASDAQ
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 2 Bethesda Metro Center, 12th Floor, Bethesda, MD 20814 |
Main Phone Number |
301-968-9300 |
Fax Number |
301-968-9301 |
Investor Relations
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301-968-9300
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Toll Free Phone Number |
Unknown |
CEO - Peter J. Federico |
CFO - Bernice E. Bell |
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