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About Us

American Capital Agency Corp. (Nasdaq: AGNC) is a mortgage REIT that invests primarily in agency securities for which the principal and interest payments are guaranteed by

  • a U.S. Government agency (such as the Government National Mortgage Association, or GNMA), or
  • a U.S. Government-sponsored enterprise (such as the Federal National Mortgage Association, or FNMA, and the Federal Home Loan Mortgage Corporation, or FHLMC).

We may also invest in other assets reasonably related to agency securities and up to 10% of our assets in AAA non-agency and commercial mortgage-backed securities (collectively referred to as "AAA non-agency securities").

Our Goal

The principal objective of AGNC is to preserve our net asset value (also referred to as “net book value”, “NAV” and “stockholders’ equity”) while generating attractive risk-adjusted returns for distribution to our stockholders through regular monthly dividends from the combination of our net interest income and net realized gains and losses on our investments and hedging activities. We fund our investments primarily through short-term borrowings structured as repurchase agreements.

Our Corporate Structure

We qualify as a real estate investment trust, or REIT, for federal income tax purposes and elect to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code. We generally are not subject to federal taxes on our taxable income to the extent that we annually distribute all of our taxable income to stockholders and maintain our intended qualification as a REIT.