AGNC Investment announces pricing of public offering of depositary shares

AGNC Investment (AGNC) announced that it has priced a public offering of 12M depositary shares with a liquidation preference of $25.00 per share, for gross proceeds of $300M before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/1,000th interest in a share of the company’s 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock. In connection with the offering, the company has granted the underwriters an option for 30 days to purchase up to an additional 1.8M Depositary Shares solely to cover overallotments. The company intends to apply to list the Depositary Shares on The Nasdaq Global Select Market under the symbol “AGNCZ.” The offering is subject to customary closing conditions and is expected to close on or about September 10, 2025. Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, UBS Investment Bank, Wells Fargo Securities LLC, Citigroup Global Markets Inc., and Keefe, Bruyette & Woods, Inc., are joint book-running managers for the offering. Barclays Capital Inc. is the co-manager for the offering.