American Capital Agency Corp. Announces Pricing Of Public Offering Of Common Stock

BETHESDA, Md., Feb. 28, 2013 /PRNewswire/ -- American Capital Agency Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that it priced a public offering of 50,000,000 shares of common stock for total expected gross proceeds of approximately $1.58 billion before expenses.

In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 7,500,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on March 5, 2013.

AGNC expects to use the net proceeds from this offering to acquire additional agency securities as market conditions warrant and for general corporate purposes.

BofA Merrill Lynch, Citigroup, Credit Suisse Securities ( USA) LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are joint book-running managers for the offering.  Mitsubishi UFJ Securities and Nomura are co-lead managers for the offering. 

The offering will be made pursuant to AGNC's existing effective registration statement, previously filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus. Copies of the prospectus may be obtained from BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email [e-mail]; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: [phone]; Credit Suisse Securities ( USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: [phone], email: [e-mail]; Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attn: Prospectus Department, telephone: [phone], facsimile: 212-902-9316, email: [e-mail]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave, Edgewood, NY 11717, telephone: [phone] or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014, telephone: [phone] or email a request to [e-mail].  The underwriters may offer the shares in transactions on the Nasdaq, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices.

This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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