BETHESDA, Md., Dec. 19 /PRNewswire-FirstCall/ -- American Capital Agency
Corp. (Nasdaq: AGNC) (the "Company") announced today that its Board of
Directors has declared a cash dividend of $1.20 per share for the fourth
quarter 2008. The dividend is payable on January 26, 2009 to common
shareholders of record as of December 31, 2008, with an ex-dividend date of
December 29, 2008.
"We are pleased to declare a fourth quarter 2008 dividend of $1.20 per
share," commented Malon Wilkus, Chairman, President and CEO of AGNC. "Our
focus on relative value has generated attractive returns for our shareholders,
despite the continued volatility in the broader markets."
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. For further information, please refer
ABOUT AMERICAN CAPITAL
American Capital, with $17 billion in capital resources under management,
is the only private equity fund and the largest alternative asset management
company in the S&P 500. American Capital, both directly and through its global
asset management business, originates, underwrites and manages investments in
private equity, leveraged finance, real estate and structured products.
American Capital and its affiliates invest from $5 million to $800 million per
company in North America and euro 5 million to euro 500 million per company in
Europe. American Capital was founded in 1986 and currently has 11 offices in
the U.S., Europe and Asia. For further information, please refer to
This press release contains forward-looking statements. Forward-looking
statements are not guarantees of future performance and are subject to various
factors and uncertainties in predicting future results and conditions.
Forward-looking statements can be identified by the fact that they do not
relate strictly to historical or current facts. They often include words such
as "believe," "expect," "anticipate," "estimate" and "intend" or future or
conditional verbs such as "will," "would," "should," "could" or "may." Certain
factors that could cause actual results to differ materially from expected
results include 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. Persons
considering an investment in the Company should consider the risks and
uncertainties which could cause actual results to differ from those contained
in the forward-looking statements, as well as the investment objectives,
charges and expenses of the Company carefully before investing. Such
information and other information about the Company is available in the
Company's Registration Statement on Form S-11, as amended, filed with the
Securities and Exchange Commission ("SEC") on May 14, 2008 and in subsequent
periodic reports filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. The Company disclaims any obligation or undertaking to
publicly release any updates or revisions to any forward-looking statement for
any reason, except as otherwise required by law.
SOURCE American Capital Agency Corp.
/CONTACT: John Erickson, Chief Financial Officer, or Tom McHale, Senior
Vice President, Finance, American Capital, or Justin Cressall, Vice President,
Equity Capital Markets, American Capital, +1-301-968-9300, all for AGNC/
/Web site: http://www.americancapital.com
CO: American Capital Agency Corp.; AGNC; American Capital
IN: FIN MFD
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0140 12/19/2008 15:15 EST http://www.prnewswire.com