AGNC Investment Corp.  announced today that it has priced a public offering of 20,000,000 depositary shares with a liquidation preference of $25.00 per share, for gross proceeds of $500 million before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/1,000th interest in a share of the Company's 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 3,000,000 Depositary Shares. The Company intends to apply to list the Depositary Shares on The Nasdaq Global Select Market under the symbol "AGNCP." The offering is subject to customary closing conditions and is expected to close on or about February 11, 2020.

AGNC intends to use the net proceeds from this offering to finance the acquisition of Agency securities, non-Agency securities (including credit risk transfer securities), other real estate-related assets and hedging instruments, other investments in, or related to the housing, mortgage or real estate markets, and for other general corporate purposes.

Morgan Stanley, BofA Securities, Inc., J.P. Morgan, RBC Capital Markets, UBS Investment Bank, Goldman Sachs & Co. LLC and Keefe, Bruyette & Woods, A Stifel Company, are joint book-running managers for the offering. Citigroup and Credit Suisse Securities (USA) LLC are the 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.