BETHESDA, Md., May 2, 2012 /PRNewswire/ -- American Capital
Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced
today, in accordance with the terms of its recently issued 8.000%
Series A Cumulative Redeemable Preferred Stock (the "Series A
Preferred Stock"), that the conversion rights of holders of the
Series A Preferred Stock described in the Company's prospectus
supplement, dated March 29, 2012 (the
"Prospectus Supplement"), are no longer contingent on the Common
Stock Authorization (as defined in the Prospectus
Supplement).
The Common Stock Authorization, including the stockholders'
adoption of and the filing by the Company with the Secretary of
State of the State of Delaware of
an amendment to the Company's Amended and Restated Certificate of
Incorporation, as amended, to increase the total authorized number
of shares of the Company's common stock, par value $0.01 per share ("Common Stock"), from
300,000,000 to 600,000,000, occurred on May
1, 2012.
In addition, the Company announced that a duly authorized
subcommittee of the Company's Board of Directors has passed a
resolution reserving the shares of Common Stock issuable upon a
full exercise by the holders of Series A Preferred Stock of their
conversion rights, up to the Exchange Cap (as defined in the
Prospectus Supplement).
For further information or questions, please contact our
Investor Relations Department at (301) 968-9300 or
IR@AGNC.com.
ABOUT AMERICAN CAPITAL AGENCY CORP.
American Capital Agency Corp. is a real estate investment trust
that invests in agency pass-through securities and collateralized
mortgage obligations for which the principal and interest payments
are guaranteed by a U.S. Government agency or a U.S.
Government-sponsored entity. The Company is externally managed and
advised by American Capital AGNC Management, LLC, an affiliate of
American Capital, Ltd. ("American Capital"). For further
information, please refer to www.AGNC.com.
ABOUT AMERICAN CAPITAL
American Capital is a publicly traded private equity firm and
global asset manager. American Capital, both directly and through
its asset management business, originates, underwrites and manages
investments in middle market private equity, leveraged finance,
real estate and structured products. Founded in 1986,
American Capital has $101 billion in
assets under management and seven offices in the U.S. and
Europe. American Capital and
European Capital will consider investment opportunities from
$10 million to $500 million.
For further information, please refer to
www.AmericanCapital.com.
CONTACT: Investors – (301) 968-9300
SOURCE American Capital Agency Corp.