AGNC Investment Corp. (Nasdaq: AGNC) announced today that it priced a public offering of 38,000,000 shares of common stock for total expected gross proceeds of $718.2 million before underwriting discounts and commissions and estimated expenses.

In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 5,700,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on or about August 3, 2018.

AGNC expects to use the net proceeds from this offering to finance the acquisition of agency securities, non-agency securities (including credit risk transfer securities), other mortgage-related assets and hedging instruments and for other general corporate purposes.

Citigroup, BofA Merrill Lynch, Credit Suisse, J.P. Morgan, Morgan Stanley and UBS Investment Bank are joint book-running managers for the offering. JMP Securities and Keefe, Bruyette & Woods, A Stifel Company, are co-managers for the offering.

ABOUT AGNC INVESTMENT CORP.

AGNC Investment Corp. is an internally-managed real estate investment trust that invests primarily in residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise or a U.S. Government agency.