BETHESDA, Md., Aug. 16, 2016 /PRNewswire/ -- American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today its estimated net book value of $22.24 per common share as of July 31, 2016. The estimated net book value of $22.24 includes deductions for both the Company's July 2016 dividend of $0.20 per common share, which was declared on July 14, 2016 with a July 29, 2016 record date, and the August 2016 dividend of $0.18 per common share, which was declared on July 27, 2016 with an August 31, 2016 record date. The Company's estimated net book value per common share as of July 31, 2016 would have been $22.42 if the August 2016 common stock dividend had not been declared prior to August 1, 2016.
AGNC expects that, in connection with the acquisition of American Capital Mortgage Management, LLC and the internalization of its management on July 1, 2016, the Company will recognize certain intangible assets. Excluding AGNC's current estimates with respect to intangible assets, the Company's estimated net tangible book value per common share as of July 31, 2016 was $20.54 after deducting the Company's July 2016 and August 2016 common stock dividends, and would have been $20.72 per common share if the August 2016 common stock dividend had not been declared prior to August 1, 2016.
For further information or questions, please contact Investor Relations at (301) 968-9300 or [email protected].
ABOUT AMERICAN CAPITAL AGENCY CORP.
American Capital Agency Corp. is a real estate investment trust that invests primarily 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 no longer affiliated with American Capital, Ltd. For further information, please refer to www.AGNC.com.
FORWARD-LOOKING STATEMENTS
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 important 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 the Company's 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.
CONTACT:
Investors Relations - (301) 968-9300
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SOURCE American Capital Agency Corp.
