BETHESDA, Md., July 14 /PRNewswire-FirstCall/ -- American Capital Agency
Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that one of its
stockholders, American Capital Ltd. (Nasdaq: ACAS) ("American Capital"),
agreed to sell 2,500,000 shares of AGNC common stock to Deutsche Bank
Securities. AGNC will not receive any of the proceeds from the sale.
American Capital acquired the shares in a private placement simultaneously
with the closing of AGNC's initial public offering on May 20, 2008. Following
the closing of the secondary offering, American Capital will hold 2,500,100
shares of AGNC common stock.
The shares are being sold pursuant to AGNC's existing shelf registration
statement filed with the Securities and Exchange Commission.
This press release is neither an offer to sell nor a solicitation of an
offer to buy shares of common stock. Copies of the prospectus supplement
relating to this offering, when available, may be obtained by contacting
Deutsche Bank Securities Inc., Deutsche Bank Securities, Prospectus
Department, Harborside Financial Center, 100 Plaza One, Jersey City, New
Jersey 07311-3988, telephone: 1-800-503-4611.
AGNC is a REIT formed in 2008 to invest exclusively 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
an affiliate of American Capital, Ltd.
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 $11 billion in capital resources under
management(1) and ten offices in the U.S., Europe and Asia.
(1) As of March 31, 2009.
This press release contains forward-looking statements. Forward-looking
statements are based on estimates, projections, beliefs and assumptions of
management of the Company at the time of such statements and are not
guarantees of future performance. Forward-looking statements involve risks and
uncertainties in predicting future results and conditions. Actual results
could differ materially from those projected in these forward-looking
statements due to a variety of factors, including, without limitation, changes
in interest rates, changes in the yield curve, changes in prepayment rates,
the availability and terms of financing, changes in the market value of our
assets, general economic conditions, market conditions, conditions in the
market for agency securities, and legislative and regulatory changes that
could adversely affect the business of the Company. Certain factors that could
cause actual results to differ materially from those contained in the
forward-looking statements, are included in the Company's periodic reports
filed with the Securities and Exchange Commission ("SEC"). Copies are
available on the SEC's website, www.sec.gov. The Company disclaims any
obligation to update or revise any forward-looking statements based on the
occurrence of future events, the receipt or new information, or otherwise.
SOURCE: American Capital Agency Corp.
American Capital Agency Corp.