Showing posts with label American Capital Agency Corp. Show all posts
Showing posts with label American Capital Agency Corp. Show all posts

Wednesday, April 13, 2011

Goldbug100 - American Capital Agency Corp. (NasdaqGS: AGNC ) increase holding by 75%

Taking advantage of yesterday´s market weakness the holding in American Capital Agency Corp. (NasdaqGS: AGNC) was increased by 75% at a price of $28.0795 per share

the current price
28.13 Up 0.30 (1.08%) 14:55

American Capital Agency Corp.
2 Bethesda Metro Center
14th Floor
Bethesda, MD 20814
United States - Map
Phone: 301-968-9300
Fax: 301-968-9301
Website: http://www.agnc.com

Business Summary
American Capital Agency Corp. (AGNC) operates as a real estate investment trust (REIT). It invests in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government sponsored entities. The company funds its investments primarily through short-term borrowings structured as repurchase agreements. It has elected to be taxed as a REIT under the Internal Revenue Code of 1986. As a REIT, the company would not be subject to U.S. federal or state corporate taxes on its taxable net income to the extent that the company distributes its annual taxable net income to its stockholders. AGNC is externally managed and advised by American Capital Agency Management, LLC, a subsidiary of a wholly-owned portfolio company of American Capital, Ltd., an alternative asset manager included in the S&P 500. The company was founded in 2008 and is based in Bethesda, Maryland.