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SEC Filings

10-K
AGNC INVESTMENT CORP. filed this Form 10-K on 02/25/2015
Entire Document
 


During fiscal years 2014 and 2013, there were no shares issued under this program. As of December 31, 2014, 16.7 million shares remain available for issuance under this program.

Dividend Reinvestment and Direct Stock Purchase Plan
We sponsor a dividend reinvestment and direct stock purchase plan through which stockholders may purchase additional shares of our common stock by reinvesting some or all of the cash dividends received on shares of our common stock. Stockholders may also make optional cash purchases of shares of our common stock subject to certain limitations detailed in the plan prospectus. During fiscal years 2014, 2013 and 2012, there were no shares issued under the plan. As of December 31, 2014, 21.7 million shares remain available for issuance under the plan.
Accumulated Other Comprehensive Income (Loss)
The following tables summarize changes to accumulated OCI for fiscal years 2014, 2013 and 2012 (in millions):
Accumulated Other Comprehensive Income (Loss)
 
Net Unrealized Gain (Loss) on Available-for-Sale MBS
 
Net Unrealized Gain (Loss) on Swaps
 
Total Accumulated
OCI
Balance
Twelve Months Ended December 31, 2014
 
 
 
 
 
 
Balance as of December 31, 2013
 
$
(1,087
)
 
$
(296
)
 
$
(1,383
)
OCI before reclassifications
 
1,708

 

 
1,708

Amounts reclassified from accumulated OCI
 
(51
)
 
156

 
105

Balance as of December 31, 2014
 
$
570

 
$
(140
)
 
$
430

 
 
 
 
 
 
 
Twelve Months Ended December 31, 2013
 
 
 
 
 
 
Balance as of December 31, 2012
 
$
2,040

 
$
(485
)
 
$
1,555

OCI before reclassifications
 
(4,535
)
 

 
(4,535
)
Amounts reclassified from accumulated OCI
 
1,408

 
189

 
1,597

Balance as of December 31, 2013
 
$
(1,087
)
 
$
(296
)
 
$
(1,383
)
 
 
 
 
 
 
 
Twelve Months Ended December 31, 2012
 
 
 
 
 
 
Balance as of December 31, 2011
 
$
1,001

 
$
(690
)
 
$
311

OCI before reclassifications
 
2,235

 

 
2,235

Amounts reclassified from accumulated OCI
 
(1,196
)
 
205

 
(991
)
Balance as of December 31, 2012
 
$
2,040

 
$
(485
)
 
$
1,555


The following tables summarize reclassifications out of accumulated OCI for fiscal years 2014, 2013 and 2012 (in millions):
 
 
Fiscal Year
 
Line Item in the Consolidated
Statements of Comprehensive Income
Where Net Income is Presented
Amounts Reclassified from Accumulated OCI
 
2014
 
2013
 
2012
 
(Gain) loss amounts reclassified from accumulated OCI for available-for-sale MBS
 
$
(51
)
 
$
1,408

 
$
(1,196
)
 
Gain (loss) on sale of agency securities, net
Periodic interest costs of interest rate swaps previously designated as hedges under GAAP, net
 
156

 
189

 
205

 
Interest expense
     Total reclassifications
 
$
105

 
$
1,597

 
$
(991
)
 
 
Long-term Incentive Plan  
We sponsor an equity incentive plan to provide for the issuance of equity-based awards, including stock options, restricted stock, restricted stock units and unrestricted stock awards to our independent directors.
During fiscal year 2014, we granted restricted stock unit ("RSU") awards under the plan totaling of $375,000, or $75,000 to each independent director. The awards represent the right to receive an equivalent number of shares of common stock as measured by the closing price of our common stock on the grant date, plus any equivalent RSUs for dividends declared on our common stock, and vest over a 13 month period, subject to the terms and conditions of the plan. As of December 31, 2014, we

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