AGNC Investment Corp.

# AGNC Investment Corp.

AGNC Investment Corp. is a mortgage real estate investment trust (REIT) that provides capital to the U.S. residential housing market by acquiring and holding mortgage-backed securities. The company's primary assets consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) whose principal and interest payments are guaranteed by government-sponsored enterprises such as Fannie Mae and Freddie Mac or by U.S. government agencies. This structure protects the company from credit risk while exposing it to interest rate and prepayment risk.

As a REIT, the company distributes at least 90 percent of its taxable income to shareholders and is generally exempt from federal and state corporate income tax at the entity level. Revenue is generated through the interest earned on its mortgage-backed security holdings. The company operates with a relatively lean organizational footprint, typical for asset-focused mortgage REITs, and maintains headquarters in Bethesda, Maryland.

AGNC was incorporated in 2008 and was formerly known as American Capital Agency Corp. until its name change in September 2016. The company operates exclusively in the United States residential mortgage market and maintains a diversified portfolio of agency mortgage securities designed to balance yield and duration management strategies.