AGNC Investment Corp. (Nasdaq: AGNC) announced today that it priced a public offering of 24,500,000 shares of common stock for total expected gross proceeds of approximately $507.2 million before underwriting discounts and commissions and expenses.

In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 3,675,000 shares of common stock. The offering is subject to customary closing conditions and is expected to close on May 5, 2017.

AGNC expects to use the net proceeds from this offering to acquire additional agency securities, non-agency securities and other mortgage-related assets as market conditions warrant and for other general corporate purposes.

J.P. Morgan, Citigroup, Credit Suisse and Goldman Sachs & Co. LLC are joint book-running managers for the offering.

ABOUT AGNC INVESTMENT CORP.

AGNC Investment Corp. is an internally-managed real estate investment trust that invests primarily in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity.