WASHINGTON (dpa-AFX) - American Capital Agency Corp. (AGNC) said it plans to make a public offering of 36 million shares of its common stock.
The company also intends to grant the underwriters an option for 30 days to purchase up to an additional 5.40 million shares of common stock to cover overallotments, if any.
The company said it expects to use the net proceeds from this offering to acquire additional agency securities as market conditions warrant and for general corporate purposes.
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