WASHINGTON (dpa-AFX) - American Capital Agency Corp. (AGNC) said Tuesday that it plans to make a public offering of 32 million shares of its common stock.
The company also plans to grant the underwriters an option for 30 days to purchase up to an additional 4.8 million shares of common stock.
The company said it expects to use the net proceeds from the offering to acquire additional agency securities as market conditions warrant and for general corporate purposes.
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