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May 13, 2013 /PRNewswire/ -- American Capital Agency Corp. (NASDAQ: AGNC) ("AGNC" or the "Company") announced today that in celebration of five years as a publicly traded company on the NASDAQ Global Select Market, Chief Executive Officer and Chair
Malon Wilkus and President and Chief Investment Officer
Gary Kain will preside over the
May 14, 2013 NASDAQ opening bell ceremony. Joining Messrs. Wilkus and Kain will be members of the Board of Directors and management team.
"This week marks AGNC's fifth anniversary as a public company," said Mr. Wilkus. "Since our IPO the U.S. mortgage market and more broadly the U.S. economy have undergone significant challenges and changes. We are very proud of the fact that our team, with the support of our shareholders, has successfully navigated this unique period while producing industry leading returns for shareholders.""I am honored to join Malon, the Board of Directors and the rest of the AGNC management team as we commemorate this milestone with NASDAQ," said
Gary Kain. "As we celebrate the Company's five year anniversary, we want to thank our shareholders for the confidence they have placed in us. It is this confidence that has allowed us to grow assets from just over
$2 billion in assets to over
$100 billion, grow book value from
$20.00 per common share to
$28.93 per common share and pay cumulative dividends of
$25.11 per common share. The combination of these dividends and book value growth has generated a total economic return for our shareholders of 170% since our IPO. Looking to the future, we are excited about what we see, and as the mortgage market continues to evolve we remain optimistic about our ability to create value for our shareholders."
The ceremony will take place at the NASDAQ MarketSite Studio in Times Square New York and begin at approximately
9:20 am ET, with remarks from Messrs. Wilkus and Kain just prior to the opening at
9:30 am. A live webcast of the ceremony will be available at: