AGNC Investment Corp. filed an automatic shelf registration statement for the sale of up to 21,740,000 shares of its common stock, to be issued under the company's dividend reinvestment and direct stock purchase plan.
The plan allows AGNC stockholders to purchase additional common shares of the company by reinvesting cash dividends and distributions received on the shares they hold.
The proposed maximum aggregate offering price is $409.8 million, estimated solely to calculate the registration fee. The proposed maximum offering price per share is $18.85.
The company will only receive proceeds if common shares are purchased directly from the company under the plan.
The shelf registration statement also covers the sale of an undisclosed amount of common stock, preferred stock, debt securities and depositary shares from time to time.
The company plans to use the net proceeds from the sale of these securities as well as from the purchase of common stock under the dividend reinvestment plan to finance the acquisition of agency securities, nonagency securities, other mortgage-related assets and hedging instruments and for other general corporate purposes.