AGNC Investment Corp. intends to publicly offer 30 million common shares.
The company plans to grant the underwriters a 30-day option to purchase up to an additional 4.5 million shares.
Based on the May 23 closing price of $19.18, S&P Global Market Intelligence calculates a gross offering size of approximately $661.7 million.
The company plans to use the net proceeds to finance the acquisition of agency securities, nonagency securities, other mortgage-related assets and hedging instruments, and for general corporate purposes.
Citigroup, Bank of America Merrill Lynch, Credit Suisse, J.P. Morgan, Morgan Stanley and UBS Investment Bank are joint book-running managers for the offering. JMP Securities and Keefe Bruyette & Woods are co-managers.
