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Balance Sheet9PIncome Statement#rShareholders Equity
Cash FlowsNote 4 Agency SecuritiesiNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)2Note 4 Agency S (4)LNote 4 Agency S (5)(^Note 4 Agency S (6)oGains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)&ANote 5 Repurchase Agreements an&pDerivatives Designated as Hedgi%Derivatives Designated as (1)%Derivatives Designated as (2)%6Derivatives Designated as (3)%?FDerivatives Designated as (4)%aDerivatives Designated as (5)%uDerivatives Designated as (6)&Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)nDerivatives Not (5)Derivatives Not (6)/Derivatives Not (7)RDerivatives Not (8)%qNote 7 Fair Value MeasurementsTFINANCIAL CONDITIONJFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)EFINANCIAL CONDI (4)FINANCIAL CONDI (5)*FINANCIAL CONDI (6)hEBalance Sheet (1)sLeverage&TGain on Sale of Agency Securiti&6Gain on Derivative Instruments &Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITSprovidedCONFIRMED AND ACCEPTED&
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Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page followsSignature page (1)Signature Page (2)Signature Page (3)Signature Page (4)155 NORTH WACKER DRIVEU }%}$ }
AGNC Investment Corp.10Q
05/06/2011
OR Delaware
261701984'
(State or Other Jurisdiction of
(I.R.S. Employer&Incorporation or Organization)Identification No.)
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/&@{W!yma9=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??9OR
Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page followsSignature page (1)Signature Page (2)Signature Page (3)Signature Page (4)155 NORTH WACKER DRIVEU }y
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#
AGNC Investment Corp.10Q
05/06/2011TABLE OF CONTENTS% PART I. FINANCIAL INFORMATION
Item 1.Financial Statements~
Item 2.,$Management?s Discussion and Analysis~
v
8
0of Financial Condition and Results of OperationsItem 3.0(Quantitative and Qualitative Disclosures~
About Market RiskItem 4.Controls and Procedures~
"PART II. OTHER INFORMATIONItem 1.Legal Proceedings~
Item 1A.Risk Factors~
Item 2./'Unregistered Sales of Equity Securities~
and Use of ProceedsItem 3.'Defaults Upon Senior Securities~
Item 4.Removed and Reserved~
Item 5.Other Information~
Item 6.Exhibits
SignaturesD
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Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page followsSignature page (1)Signature Page (2)Signature Page (3)Signature Page (4)155 NORTH WACKER DRIVEU }7}$ }
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AGNC Investment Corp.10Q
05/06/2011
Balance Sheet March 31, December 31,
~
n
~
j(Unaudited)Assets:3
+Agency securities, at fair value (including
~
~
"8
6.pledged assets of $23,263,144 and $12,270,909,
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zX~
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V~
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~~
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at fair value6$.Accounts payable and other accrued liabilities$$~
$$$$~
$$%%%%%%%%%&Total liabilities&&~
&zX'&&&~
&V&'''''''''(Stockholders? equity:((((((((0)(Preferred stock, $0.01 par value; 10,000)) )?))) )?).*&shares authorized, 0 shares issued and!+outstanding, respectively.,&Common stock, $0.01 par value; 150,000,,~
,",,,~
,&
,%shares authorized, 128,829 and 64,8563.+shares issued and outstanding, respectively"/Additional paidin capital//~
/G///~
/T_/0Retained earnings00~
0n000~
00,1$Accumulated other comprehensive loss11~
1.111~
11222222222"3Total stockholders? equity33~
3!333~
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Balance SheetShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page followsSignature page (1)Signature Page (2)Signature Page (3)Signature Page (4)155 NORTH WACKER DRIVEU }8}$ }}$ }}$
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AGNC Investment Corp.10Q
05/06/2011Income Statement " For the three months ended
March 31,~
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~
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12M111~
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Balance SheetIncome Statement
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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05/06/2011Shareholders' Equity
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Balance SheetIncome StatementShareholders EquityNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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AGNC Investment Corp.10Q
05/06/2011
Cash Flows , $For the three months ended March 31,
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Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
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AGNC Investment Corp.10Q
05/06/2011!Note 4. Agency Securities
As of March 31, 2011
Fannie Mae
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Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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05/06/2011!Note 4. Agency Securities
As of March 31, 2011
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Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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AGNC Investment Corp.10Q
05/06/2011!Note 4. Agency Securities
As of December 31, 2010
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05/06/2011Pledged Assets
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05/06/2011Pledged Assets
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05/06/20114,Note 5. Repurchase Agreements and Other Debt
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05/06/20115Derivatives Designated as Hedging Instruments
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05/06/20115Derivatives Designated as Hedging Instruments
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05/06/20115Derivatives Designated as Hedging Instruments
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05/06/20115Derivatives Designated as Hedging Instruments
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05/06/20115Derivatives Designated as Hedging Instruments
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AGNC Investment Corp.10Q
05/06/201191Derivatives Not Designated as Hedging Instruments
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05/06/201191Derivatives Not Designated as Hedging Instruments
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05/06/201191Derivatives Not Designated as Hedging Instruments
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AGNC Investment Corp.10Q
05/06/201191Derivatives Not Designated as Hedging Instruments
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Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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AGNC Investment Corp.10Q
05/06/2011
Balance Sheet
As of
March 31, 2011
December 31, 2010
Balance Sheet Data:+#Investment portfolio, at fair value~
~
"8
Total assets
~
Nz
~
ֈs
,$Repurchase agreements and other debt~
B~
XTotal liabilities~
zX'~
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!~
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n~
j,$Consolidated Statement of Operations
Data:Interest income~
6
~
6^Interest expense~
~
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6~
k0(Gain from sale of agency securities, net~
A~
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&~
\securities, netDnlp\bD ? !Total other income, net!!~
!!!!~
!!"""""""""#Management fees##~
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$($$$~
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3n33~
3j34Other Data:44444444*5"Average agency securities, at cost5~
555~
5><526*Average agency securities, at cost?percent666Z@ 6%6669Z@ 6%7of par value+8#Average total assets, at fair value8~
8F88~
8C8/9'Average repurchase agreements and other9~
9:;99~
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Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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05/06/2011Leverage
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as of
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Balance SheetIncome StatementShareholders Equity
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Leverage!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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05/06/2011.&Gain on Sale of Agency Securities, Net Three Months Ended
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Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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AGNC Investment Corp.10Q
05/06/2011B:Gain on Derivative Instruments and Trading Securities, Net For the three months
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Balance SheetIncome StatementShareholders Equity
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Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments Interest Rate RiskINDEX TO EXHIBITS
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AGNC Investment Corp.10Q
05/06/2011)!Equity Capital Raising Activities
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Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiINDEX TO EXHIBITS
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AGNC Investment Corp.10Q
05/06/2011Interest Rate Risk Change in Interest Rate Percentage Change Percentage Change
in Projected Net
in ProjectedInterest IncomePortfolio Value,with Effect of
Derivatives+100 Basis Points5.1 %1.1 %+50 Basis Points1.7 %0.4 %50 Basis Points3.5 %? %100 Basis Points
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Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate Risk
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AGNC Investment Corp.10Q
05/06/2011INDEX TO EXHIBITS Exhibit No. Description
*3.1%American Capital Agency Corp. Amended2*and Restated Certificate of Incorporation,
3
+incorporated herein by reference to Exhibit3+3.1 of Form 10Q for the quarter ended June3+30, 2008 (File No. 00134057), filed August 14, 2008.*3.2%American Capital Agency Corp. Amended0(and Restated Bylaws, incorporated herein0(by reference to Exhibit 3.2 of Form 10Q1)for the quarter ended June 30, 2008 (File.&No. 00134057), filed August 14, 2008.*4.12*Instruments defining the rights of holders4,of securities: See Article IV of our Amended2*and Restated Certificate of Incorporation,3+incorporated herein by reference to Exhibit3+4.1 of Form 10Q for the quarter ended June3+30, 2008 (File No. 00134057), filed August 14, 2008.D
lxl0m9uHi1c !"#$%&'()*+,./0123456789:;<=>? *4.2 2 *Instruments defining the rights of holders!!!!4!,of securities: See Article VI of our Amended""""0"(and Restated Bylaws, incorporated herein####0#(by reference to Exhibit 4.2 of Form 10Q$$$$1$)for the quarter ended June 30, 2008 (File%%%%.%&No. 00134057), filed August 14, 2008.&&''*4.3'':'2Form of Certificate for Common Stock, incorporated((((7(/herein by reference to Exhibit 4.1 to Amendment))))3)+No. 4 to the Registration Statement on Form****1*)S11 (Registration No. 333149167), filed+++++May 9, 2008.,,333333$@%Underwriting Agreement, dated January..../.'13, 2011, among American Capital Agency////2/*Corp., American Capital Agency Management,0000.0&LLC, Merrill Lynch, Pierce, Fenner and1111,1$Smith Incorporated, Citigroup Global2222.2&Markets Inc., Deutsche Bank Securities333373/Inc. and UBS Securities LLC, as representatives444464.of the several underwriters listed on Schedule5555+5#I attached thereto, filed herewith.6677ffffff$@77/7'Underwriting Agreement, dated March 21,888828*2011, among American Capital Agency Corp.,999909(American Capital Agency Management, LLC,::::/:'Merrill Lynch, Pierce, Fenner and Smith;;;;.;&Incorporated, Citigroup Global Markets<<<<2<*Inc., Deutsche Bank Securities Inc. Credit====0=(Suisse Securities (USA) LLC and Deutsche>>>>0>(Bank Securities Inc., as representatives????6?.of the several underwriters listed on ScheduleD2l.fC~N*UuH@ABCDEFGHIJKLMNO@@@@+@#I attached thereto, filed herewith.AABB?@BB7B/Certification of CEO Pursuant to Section 302(a)CCCC*C"of the SarbanesOxley Act of 2002.DDEE333333?@EE7E/Certification of CFO Pursuant to Section 302(a)FFFF*F"of the SarbanesOxley Act of 2002.GGH~
HHH0H(Certification of CEO and CFO Pursuant toIIII0I(Section 906 of the SarbanesOxley Act ofJJJJ~
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Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITSCONFIRMED AND ACCEPTED
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AGNC Investment Corp.10Q
05/06/2011provided Very truly yours,
%AMERICAN CAPITAL AGENCY CORP.
By:
Name:Title:/'AMERICAN CAPITAL AGENCY MANAGEMENT, LLCBy:
Name:Title:$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:)uQ4(ma.\=PF0*8X>
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Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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AGNC Investment Corp.10Q
05/06/2011CONFIRMED AND ACCEPTED,% MERRILL LYNCH, PIERCE, FENNER
& SMITH INCORPORATEDBy:
Name:Title:%CITIGROUP GLOBAL MARKETS INC.By:
Name:Title:%DEUTSCHE BANK SECURITIES INC.By:
Name:Title:By:
Name:Title:DEl~rfBg[2kS,q !"#$%&'()*+, UBS SECURITIES LLC!!"By:""##
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??9ORTABLE OF CONTENTS
Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
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AGNC Investment Corp.10Q
05/06/2011
SCHEDULE I Name of Underwriter Number of Initial
Securities%Merrill Lynch, Pierce, Fenner & Smith~
"$
Incorporated%Citigroup Global Markets Inc.~
"$%Deutsche Bank Securities Inc.~
"$UBS Securities LLC~
"$"J.P. Morgan Securities LLC~
BiG#Wells Fargo Securities, LLC~
BiG%Mitsubishi UFJ Securities (USA), Inc.~
,$Nomura Securities North America, LLC~
RBC Capital Markets, LLC~
#Wunderlich Securities, Inc.~
Dals7:"
<$dLx` !"#$%&'( !!
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??9ORTABLE OF CONTENTS
Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page (1)Signature Page (2)Signature Page (3)Signature Page (4)155 NORTH WACKER DRIVEU }}$ }}$ }U5
AGNC Investment Corp.10Q
05/06/2011 [Signature page follows. By:
Name:
John R. EricksonTitle:4,Executive Vice President and Chief FinancialOfficer
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T}qe)C=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??9ORTABLE OF CONTENTS
Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page followsSignature Page (2)Signature Page (3)Signature Page (4)155 NORTH WACKER DRIVEU }}$
AGNC Investment Corp.10Q
05/06/2011[Signature page follows Very truly yours,
Signature:
Print Name:
Title:$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.~rfB%
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??9ORTABLE OF CONTENTS
Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page followsSignature page (1)Signature Page (3)Signature Page (4)155 NORTH WACKER DRIVEU }}$ }
AGNC Investment Corp.10Q
05/06/2011[Signature Page Follows Very truly yours,
%AMERICAN CAPITAL AGENCY CORP.
By:
Name:Title:/'AMERICAN CAPITAL AGENCY MANAGEMENT, LLCBy:
Name:Title:$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:8~rfB%^RuM=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??9ORTABLE OF CONTENTS
Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page followsSignature page (1)Signature Page (2)Signature Page (4)155 NORTH WACKER DRIVEU }}$ }
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AGNC Investment Corp.10Q
05/06/2011[Signature Page Follows: 2MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
By:
Name:
Title:%CITIGROUP GLOBAL MARKETS INC.By:
Name:Title:*"CREDIT SUISSE SECURITIES (USA) LLCBy:
Name:Title:%DEUTSCHE BANK SECURITIES INC.By:
Name:Title:Dhl~rfBrf=%qY2 k !"#$%&'( !By:!!""
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??9ORTABLE OF CONTENTS
Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page followsSignature page (1)Signature Page (2)Signature Page (3)155 NORTH WACKER DRIVEU }y<}$ }y}$
AGNC Investment Corp.10Q
05/06/2011[Signature Page Follows Name of Underwriter Number of Initial
Securities:2Merrill Lynch, Pierce, Fenner & Smith Incorporated~
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%Citigroup Global Markets Inc.~
(*"Credit Suisse Securities (USA) LLC~
(%Deutsche Bank Securities Inc.~
(JMP Securities LLC~
E3"Sterne, Agee & Leach, Inc.~
Total~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/Dl~rf* 5ZBS=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??9ORTABLE OF CONTENTS
Balance SheetIncome StatementShareholders Equity
Cash FlowsNote 4 Agency SecuritiesNote 4 Agency S (1)Note 4 Agency S (2)Note 4 Agency S (3)Note 4 Agency S (4)Note 4 Agency S (5)Note 4 Agency S (6)Gains and LossesPledged AssetsPledged Assets (1)Pledged Assets (2)!Note 5 Repurchase Agreements an!Derivatives Designated as Hedgi Derivatives Designated as (1) Derivatives Designated as (2) Derivatives Designated as (3) Derivatives Designated as (4) Derivatives Designated as (5) Derivatives Designated as (6)!Derivatives Not Designated as HDerivatives Not (1)Derivatives Not (2)Derivatives Not (3)Derivatives Not (4)Derivatives Not (5)Derivatives Not (6)Derivatives Not (7)Derivatives Not (8) Note 7 Fair Value MeasurementsFINANCIAL CONDITIONFINANCIAL CONDI (1)FINANCIAL CONDI (2)FINANCIAL CONDI (3)FINANCIAL CONDI (4)FINANCIAL CONDI (5)FINANCIAL CONDI (6)Balance Sheet (1)
Leverage!Gain on Sale of Agency Securiti!Gain on Derivative Instruments !Equity Capital Raising ActivitiInterest Rate RiskINDEX TO EXHIBITS
providedCONFIRMED AND ACCEPTED
SCHEDULE ISignature page followsSignature page (1)Signature Page (2)Signature Page (3)Signature Page (4)U }}$
AGNC Investment Corp.10Q
05/06/2011155 NORTH WACKER DRIVE Very truly yours,
Signature:
Print Name:
Title:$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.sgC&WK?=PF0*8X>
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