AGNC Investment Corp.

AGNC Investment Corp. is a leading provider of private capital to the U.S. housing market, enhancing liquidity in residential real estate mortgage markets and facilitating home ownership in the U.S. The company was organized on January 7, 2008, and began operations on May 20, 2008, following its initial public offering. Its common stock trades on The Nasdaq Global Select Market under the symbol "AGNC." AGNC primarily invests in Agency residential mortgage-backed securities (Agency RMBS) on a leveraged basis. These investments include residential mortgage pass-through securities and collateralized mortgage obligations, where principal and interest payments are guaranteed by U.S. Government-sponsored enterprises like Fannie Mae and Freddie Mac, or by a U.S. Government agency such as Ginnie Mae. AGNC operates to qualify as a real estate investment trust (REIT) under the Internal Revenue Code of 1986, as amended. As a REIT, the company must distribute annually 90% of its taxable income and generally avoids U.S. federal or state corporate income tax if it distributes all annual taxable income to stockholders on a timely basis. AGNC intends to distribute 100% of its taxable income within the prescribed time limits, which may extend into the subsequent taxable year. The company is internally managed with the goal of generating favorable long-term stockholder returns with a substantial yield. Income is generated from interest earned on investments, net of borrowing and hedging costs, and net realized gains and losses from investment and hedging activities. Investments are primarily funded through collateralized borrowings structured as repurchase agreements. AGNC employs an active management strategy that is dynamic and responsive to evolving market conditions.