On October 12, 2023, AGNC Investment Corp. Implemented A New "At The Market" Common Stock Issuance Program By Entering Into Separate Sales Agreements To Offer And Sell Shares Of Common Stock Having An Aggregate Offering Price Of Up To $1.25B
Portfolio Pulse from Charles Gross
AGNC Investment Corp. has implemented a new 'At The Market' common stock issuance program. The company has entered into separate sales agreements to offer and sell shares of common stock with an aggregate offering price of up to $1.25 billion.
October 13, 2023 | 10:06 am
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AGNC Investment Corp. has initiated a new stock issuance program, which could potentially dilute existing shareholders' equity.
The new stock issuance program by AGNC Investment Corp. could lead to dilution of existing shareholders' equity. This is because the company is offering additional shares for sale, which increases the total number of outstanding shares. As a result, each existing share represents a smaller percentage of the company's equity, which could potentially lead to a decrease in the stock price.
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