AGNC to issue 28 million more shares

AGNC will issue another 28 million shares to buy more agency securities. The offer equates to about $27.85 per share. Shares traded at around $29 today. They will need to cut there dividend in the near future because they were already paying out at above 115% with there $1.40 quarterly dividend.

Here is the link to the press release: http://yhoo.it/hV5KaN

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Published in: on March 21, 2011 at 7:11 pm  Leave a Comment  

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