WASHINGTON (dpa-AFX) - American Capital Agency Corp. (AGNC) announced that it has priced a public offering of 62 million shares of common stock for total estimated gross proceeds of about $1.8 billion. The company expects to close the offering on March 13, 2012.
The company has granted the underwriters an option for 30 days to buy up to an additional 9.15 million common shares to cover overallotments, if any.
AGNC expects to use offering net proceeds to acquire additional agency securities as market conditions warrant and for general corporate purposes.
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