Company Overview
AGNC Investment Corp., a real estate investment trust specializing in mortgages, offered depositary shares to the market. Each of these shares signifies a one-thousandth ownership stake in its 8.75% Series H preferred stock, which features a fixed dividend rate, cumulative payment terms, and a redeemable structure. This financial endeavor successfully generated a gross sum of $300 million, with each depositary share priced at $25. Additionally, the underwriters were extended a 30-day option to purchase further shares (overallotment).
