other material
confidence high
sentiment neutral
materiality 0.60
AGNC designates 7.75% Series G Preferred Stock; issues 6,000 shares at $25,000/sh
AGNC Investment Corp.
- Series G carries $25,000 liquidation preference, 7.75% dividend through Oct 15, 2027, then 5yr Treasury + 4.39%.
- 6,000 shares of Series G issued on Sept 14, 2022, represented by 6M depositary shares (1/1,000th each).
- Series G ranks senior to common stock and on parity with existing Series C, D, E, F preferred.
- Redeemable at AGNC's option after Oct 15, 2027 at $25,000/sh plus accrued dividends; earlier only for REIT or change-of-control.
- No stated maturity; holders gain limited voting rights if dividends unpaid for six or more quarterly periods.