AGNCM

AGNC Investment Corp. operates as a real estate investment trust (REIT) that invests primarily in agency mortgage-backed securities (MBS) in the United States. Headquartered in Bethesda, Maryland, the company focuses on acquiring and holding residential mortgage pass-through securities and collateralized mortgage obligations guaranteed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, or backed by the U.S. government through Ginnie Mae. AGNC generates income from the spread between the yield on its mortgage asset portfolio and its borrowing costs, while employing leverage to enhance returns. As one of the largest publicly traded mortgage REITs, the company manages a portfolio valued at over $60 billion in assets. AGNCM represents the company's Series M preferred stock, which pays fixed-to-floating rate cumulative redeemable preferred dividends. The company actively manages interest rate and prepayment risks through hedging strategies utilizing derivatives and other instruments. AGNC maintains an external management structure through its agreement with AGNC Management, LLC. The trust distributes substantially all of its taxable income to shareholders as dividends to maintain its REIT status. The company regularly adjusts its portfolio composition and hedging positions in response to changing market conditions, interest rate environments, and prepayment trends to optimize risk-adjusted returns for its common and preferred shareholders.