FOR IMMEDIATE RELEASE
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AGNC INVESTMENT CORP.
ANNOUNCES SECOND QUARTER 2020 FINANCIAL RESULTS
Bethesda, MD - July 27, 2020 - AGNC Investment Corp. (“AGNC” or the “Company”) (Nasdaq: AGNC) today announced financial results for the quarter ended June 30, 2020.
SECOND QUARTER 2020 FINANCIAL HIGHLIGHTS
•$1.60 comprehensive income per common share, comprised of:
◦$1.24 net income per common share
◦$0.36 other comprehensive income ("OCI") per common share on investments marked-to-market through OCI
•$0.58 net spread and dollar roll income per common share, excluding estimated "catch-up" premium amortization cost 1
◦Includes $0.14 per common share of dollar roll income associated with the Company's $15.7 billion average net long position in forward purchases and sales of Agency mortgage-backed securities ("MBS") in the "to-be-announced" ("TBA") market
◦Excludes $(0.10) per common share of estimated "catch-up" premium amortization cost due to change in projected constant prepayment rate ("CPR") estimates
•$14.92 tangible net book value per common share as of June 30, 2020
◦Increased $1.30 per common share, or 9.5%, from $13.62 per common share as of March 31, 2020
•$0.36 dividends declared per common share for the second quarter
•12.2% economic return on tangible common equity for the quarter
◦Comprised of $0.36 dividends per common share and $1.30 increase in tangible net book value per common share
The following information was filed by Agnc Investment Corp. (AGNC) on Monday, July 27, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.