AGNC Investment Corp. (Nasdaq: AGNC) announced today that it has priced a public offering of 9,000,000 depositary shares with a liquidation preference of $25.00 per share, for gross proceeds of $225 million before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/1,000th interest in a share of the Company's 6.875% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase up to an additional 1,350,000 Depositary Shares. The Company intends to apply to list the Depositary Shares on The Nasdaq Global Select Market under the symbol "AGNCM." The offering is subject to customary closing conditions and is expected to close on or about March 6, 2019.

AGNC intends to use the net proceeds from this offering to finance the acquisition of Agency securities, non-Agency securities (including credit risk transfer securities), other real estate-related assets and hedging instruments, other investments in, or related to the housing, mortgage or real estate markets, and for other general corporate purposes.

Morgan Stanley, Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan, RBC Capital Markets, UBS Investment Bank and Keefe, Bruyette & Woods, A Stifel Company, are joint book-running managers for the offering. Citigroup is the co-manager for the offering.

ABOUT AGNC INVESTMENT CORP.

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