AGNCZ

AGNC Investment Corp. operates as a real estate investment trust (REIT) that invests primarily in agency mortgage-backed securities (MBS) in the United States. Headquartered in Bethesda, Maryland, the company focuses on acquiring and holding residential mortgage pass-through securities and collateralized mortgage obligations guaranteed by government-sponsored enterprises such as Fannie Mae and Freddie Mac, or backed by the full faith and credit of the U.S. Government through Ginnie Mae. AGNC generates income primarily through the spread between the yield on its mortgage assets and its borrowing costs, actively managing interest rate risk and prepayment risk through hedging strategies. As one of the largest publicly traded mortgage REITs, the company maintains a substantial portfolio of agency securities, typically valued in excess of $60 billion. AGNC funds its investments primarily through short-term borrowings structured as repurchase agreements. The company is externally managed by AGNC Management, LLC and operates as an internally managed REIT following structural changes in recent years. AGNCZ represents Series C Depositary Shares, each representing a 1/1,000th interest in a share of the company's 7.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. The preferred shares provide investors with fixed dividend payments that convert to floating rates after a specified period, offering a different risk-return profile compared to the common equity.