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AGNC Investment prices common stock offering

AGNC Investment Corp. has priced its public offering of 30 million common shares.

The company is expecting total gross proceeds of about $558 million from the offering, before underwriting discounts, commissions and estimated expenses.

Net proceeds will be used to finance the acquisition of agency securities, nonagency securities, other mortgage-related assets and hedging instruments and for other general corporate purposes.

The offering is expected to close on or about May 29.

The company has granted the underwriters a 30-day option to purchase up to an additional 4.5 million common shares.

Citigroup, BofA Merrill Lynch, Credit Suisse, JPMorgan, Morgan Stanley and UBS Investment Bank are serving as joint book-running managers for the offering. JMP Securities and Keefe Bruyette & Woods are serving as co-managers.