AGNC Investment Corp (AGNC) is a Mortgage Real Estate Investment Trust (REIT) that specializes in investing in residential mortgage-backed securities. AGNC is one of the largest mortgage REITs in the United States and has a strong track record of delivering consistent income to its shareholders.
AGNC’s business model involves borrowing money at short-term interest rates and investing in long-term residential mortgage-backed securities. The difference between the short-term borrowing rate and the long-term mortgage yield is the profit margin for the REIT. This strategy allows AGNC to generate high levels of income for its shareholders, often yielding more than other types of REITs and traditional fixed-income investments.
However, like all mortgage REITs, AGNC is subject to a number of risks, including interest rate risk, credit risk, and liquidity risk. Interest rate risk arises from the fact that AGNC borrows at short-term rates and invests in long-term assets, meaning its profits are sensitive to changes in interest rates. Credit risk refers to the possibility of defaults or other problems with the underlying mortgages in AGNC’s portfolio. Liquidity risk refers to the possibility that AGNC may have difficulty selling its investments to meet its obligations, particularly during periods of market turbulence.
Despite these risks, AGNC has a strong track record of delivering consistent income to its shareholders and is well-regarded in the mortgage REIT industry. The company has a strong management team and a well-established investment strategy, making it a popular choice among investors seeking high-yielding income investments.
The dividend is fixed at 6.50% until 10/15/2024 after which it floats at 3 month Libor plus a spread of 4.993%
If baby bonds are called on or after 7/30/2022 but before 7/30/2025 they are called at 101% plus accrued interest. If called on or after 7/30/2025 they are called at $25 plus accrued interest.
Name changed 8/1/2022–Previously New Residential Investment. Tickers changed.
Coupon is fixed until 8/15/2024 after which it will float at 3 month Libor plus a spread of 5.640%
Name changed 8/1/2022–Previously New Residential Investment. Tickers changed.
Coupon is fixed until 8/15/2024 after which it will float at 3 month Libor plus a spread of 5.802%
Annaly Capital Management, Inc. is a real estate investment trust (REIT) that primarily invests in and manages a portfolio of mortgage-backed securities. The company operates as a middleman between borrowers and lenders by using the funds from short-term borrowings to purchase long-term, fixed-rate mortgages. Annaly Capital generates revenue through the difference between the interest income earned on its mortgage investments and the cost of its borrowings. The company’s goal is to generate high, stable income for its shareholders while also preserving capital. Annaly Capital is headquartered in New York and was founded in 1997.
Coupon is fixed at 6.75% until 6/30/2024 after which the rate resets quarterly at 3 month libor plus 4.989%.
The coupon will be fixed until 3/30/2024 after which it will float at a rate of 3 month Libor plus a spread of 5.664%
Ticker symbol changed 10/26/2020
Originally issued by Arlington Asset which was acquired by Ellington Financial on 12/14/2023
Issue came to market at $24/share
Ticker Symbol Changed 10/26/2020
Originally issued by Arlington Asset which was acquired by Ellington Financial on 12/14/2023
AGNC Investment Corp (AGNC) is a Mortgage Real Estate Investment Trust (REIT) that specializes in investing in residential mortgage-backed securities. AGNC is one of the largest mortgage REITs in the United States and has a strong track record of delivering consistent income to its shareholders.
AGNC’s business model involves borrowing money at short-term interest rates and investing in long-term residential mortgage-backed securities. The difference between the short-term borrowing rate and the long-term mortgage yield is the profit margin for the REIT. This strategy allows AGNC to generate high levels of income for its shareholders, often yielding more than other types of REITs and traditional fixed-income investments.
However, like all mortgage REITs, AGNC is subject to a number of risks, including interest rate risk, credit risk, and liquidity risk. Interest rate risk arises from the fact that AGNC borrows at short-term rates and invests in long-term assets, meaning its profits are sensitive to changes in interest rates. Credit risk refers to the possibility of defaults or other problems with the underlying mortgages in AGNC’s portfolio. Liquidity risk refers to the possibility that AGNC may have difficulty selling its investments to meet its obligations, particularly during periods of market turbulence.
Despite these risks, AGNC has a strong track record of delivering consistent income to its shareholders and is well-regarded in the mortgage REIT industry. The company has a strong management team and a well-established investment strategy, making it a popular choice among investors seeking high-yielding income investments.
Coupon is fixed at 6.875% until 4/15/2024 after which it floats at 3 month Libor plus a spread of 4.332%
Coupon is fixed until 4/14/2024 after which it floats at a rate of 3 month Libor plus a spread of 5.631%
