AGNC Investment Corp. Prices $300M Offering Of 12M Depositary Shares At $25.00/Share For Series H 8.75% Preferred Stock

Author: Benzinga Newsdesk | September 03, 2025 05:16pm

AGNC Investment Corp. (NASDAQ:AGNC) ("AGNC" or the "Company") announced today that it has priced a public offering of 12,000,000 depositary shares with a liquidation preference of $25.00 per share (the "Depositary Shares"), for gross proceeds of $300 million before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/1,000th interest in a share of the Company's 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 1,800,000 Depositary Shares solely to cover overallotments. The Company intends to apply to list the Depositary Shares on The Nasdaq Global Select Market under the symbol "AGNCZ." The offering is subject to customary closing conditions and is expected to close on or about September 10, 2025.



AGNC intends to use the net proceeds from this offering to finance the acquisition of Agency securities, non-Agency securities (including credit risk transfer securities), other real estate-related assets and hedging instruments, other investments in, or related to the housing, mortgage or real estate markets, and for other general corporate purposes.



Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, UBS Investment Bank, Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Keefe, Bruyette & Woods, Inc., are joint book-running managers for the offering. Barclays Capital Inc. is the co-manager for the offering.

Posted In: AGNC