AGNC Investment Corp. Files 8-K on Preferred Stock Series

TL;DR

AGNC filed an 8-K detailing its preferred stock series C, D, E, F, and G, including dividend rates.

AI Summary

AGNC Investment Corp. filed an 8-K on May 10, 2024, to report other events. The filing details various series of preferred stock, including Series C, D, E, F, and G, with specific dividend rates and terms. These preferred stocks represent fractional interests in shares of AGNC's cumulative redeemable preferred stock.

Why It Matters

This filing provides details on AGNC's outstanding preferred stock, which is important for investors to understand dividend payments and terms related to their investment in the company.

Risk Assessment

Risk Level: low — The filing is an informational update on existing preferred stock and does not indicate new risks or significant changes in the company's financial health.

Key Numbers

• 7.000% — Series C Dividend Rate (Represents the fixed dividend rate for Series C preferred stock.)
• 6.875% — Series D Dividend Rate (Represents the fixed dividend rate for Series D preferred stock.)
• 6.500% — Series E Dividend Rate (Represents the fixed dividend rate for Series E preferred stock.)
• 6.125% — Series F Dividend Rate (Represents the fixed dividend rate for Series F preferred stock.)
• 7.75% — Series G Dividend Rate (Represents the fixed dividend rate for Series G preferred stock.)

Key Players & Entities

• AGNC Investment Corp. (company) — Filer of the 8-K
• 7.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (dollar_amount) — Details of a preferred stock series
• 6.875% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (dollar_amount) — Details of a preferred stock series
• 6.500% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (dollar_amount) — Details of a preferred stock series
• 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (dollar_amount) — Details of a preferred stock series
• 7.75% Series G Fixed Rate Reset Cumulative Redeemable Preferred Stock (dollar_amount) — Details of a preferred stock series

FAQ

Key Financial Figures

• $0.01 — ich Registered Common Stock, par value $0.01 per share AGNC The Nasdaq Global Select
• $788,030,592.22 — eements, an aggregate offering price of $788,030,592.22 of Common Stock has been offered and so
• $1,250,000,000 — ng an aggregate offering price of up to $1,250,000,000 (the "Shares"). Shares sold under the

Filing Documents

• agnc-20240509.htm (8-K) — 41KB
• a8-kex11.htm (EX-1.1) — 17KB
• atm8-kex51.htm (EX-5.1) — 34KB
• agnc-20240509_g1.jpg (GRAPHIC) — 715KB
• 0001423689-24-000049.txt ( ) — 1977KB
• agnc-20240509.xsd (EX-101.SCH) — 5KB
• agnc-20240509_def.xml (EX-101.DEF) — 20KB
• agnc-20240509_lab.xml (EX-101.LAB) — 40KB
• agnc-20240509_pre.xml (EX-101.PRE) — 20KB
• agnc-20240509_htm.xml (XML) — 8KB

01. Other Events

Item 8.01. Other Events As previously reported on October 12, 2023, AGNC Investment Corp., a Delaware corporation (the "Company") entered into separate sales agreements (the "Original Sales Agreements") with each of Goldman Sachs & Co. LLC, Barclays Capital Inc., BTIG, LLC, Citigroup Global Markets Inc., Citizens JMP Securities, LLC, J.P. Morgan Securities LLC, Keefe, Bruyette & Woods, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC, Virtu Americas LLC, and Wells Fargo Securities, LLC (each, an "Agent" and collectively, the "Agents"), to implement a new "at the market" common stock issuance program under which the Company may, from time to time to or through any of the Agents, acting as agent and/or principal, offer and sell shares of its common stock, par value $0.01 per share (the "Common Stock"). Under the Original Sales Agreements, an aggregate offering price of $788,030,592.22 of Common Stock has been offered and sold through May 9, 2024 (the "Sold Securities"). On May 9, 2024, the Company entered into separate amendments to the Original Sales Agreements with each of the Agents to increase the aggregate offering price of Common Stock available for issuance under the Original Sales Agreements by an amount equal to the aggregate offering price of the Sold Securities ("Amendment No. 1 to the Sales Agreements" and, together with the Original Sales Agreements, each, a "Sales Agreement" and collectively, the "Sales Agreements"). As a result of Amendment No. 1 to the Sales Agreements, the Company may, but has no obligation to, issue and sell under the Sales Agreements shares of Common Stock having an aggregate offering price of up to $1,250,000,000 (the "Shares"). Shares sold under the Sales Agreements, if any, will be issued pursuant to the Company's automatic shelf registration statement on Form S-3ASR (File No. 333-279249), filed with the Securities and Exchange Commission on May 9, 2024 (the "Registration Statement"), including th

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. On May 9, 2024, Skadden, Arps, Slate, Meagher & Flom LLP delivered an opinion (the "Opinion") to the Company in connection with the Company's sale of the Shares from time to time to or through the Agents. The Opinion is being filed herewith, and thereby automatically incorporated by reference into the Registration Statement, in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act of 1933. (d) Exhibits. Exhibit No. Description 1.1 Form of Amendment No. 1 to the Sales Agreements 5.1 Opinion of Skadden, Arps, Slate, Meagher & Flom LLP 23.1 Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.1 hereto) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AGNC INVESTMENT CORP. Dated: May 10, 2024 By: /s/ Kenneth L. Pollack Kenneth L. Pollack Executive Vice President, Chief Compliance Officer, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR