Corporate ActionMay 29, 2026, 06:07 AM
AGNC Investment launches $2B 'at the market' common stock program
AI Summary
AGNC Investment Corp. has implemented a new "at the market" common stock issuance program, enabling the company to offer and sell up to $2 billion in common stock. The program involves sales agreements with 14 agents, including major financial institutions like Goldman Sachs and J.P. Morgan. Shares will be sold periodically through various market venues, with agents earning up to 1.0% of the gross sales price. This initiative provides AGNC with a flexible mechanism to raise capital.
Key Highlights
- AGNC Investment launched a new "at the market" common stock issuance program.
- The program allows for the sale of common stock with an aggregate offering price of up to $2,000,000,000.
- Sales agreements were entered into with 14 agents, including Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC.
- Agents will receive compensation of up to 1.0% of the gross sales price for shares sold through them.
- Shares will be issued under the company's automatic shelf registration statement on Form S-3ASR.
- The program will terminate upon the sale of all shares or the termination of the sales agreements.