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SEC Filings

10-Q
AGNC INVESTMENT CORP. filed this Form 10-Q on 05/07/2018
Entire Document
 


Accumulated Other Comprehensive Income (Loss)
The following table summarizes changes to accumulated OCI for the three months ended March 31, 2018 and 2017 (in millions):
 
 
Three Months Ended March 31,
Accumulated Other Comprehensive Income (Loss)
 
2018
 
2017
Beginning Balance
 
$
(345
)
 
$
(397
)
OCI before reclassifications
 
(620
)
 
(38
)
(Gain) loss amounts for available-for-sale securities
reclassified from accumulated OCI to realized gain (loss) on sale of investment securities
 
(1
)
 
84

Ending Balance
 
$
(966
)
 
$
(351
)

Note 11. Subsequent Events

On April 12, 2018 , our Board of Directors declared a monthly dividend of $0.18 per common share, payable on May 9, 2018 to common stockholders of record as of April 30, 2018, respectively.
On May 2, 2018, we entered into an amendment to our management agreement with MTGE in connection with the proposed acquisition of MTGE by Annaly Capital Management, Inc. The transaction is expected to close in the third quarter of 2018, subject to customary closing conditions.  Pursuant to the amendment, we will continue to manage MTGE through the closing of the merger and for a short transitional period following the merger.  In addition to regular monthly management fees payable for ongoing service through the transition period, under the amendment we will be paid a termination fee of $41.7 million.       


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