BETHESDA, Md., April 26, 2017 /PRNewswire/ -- MTGE
Investment Corp. ("MTGE" or the "Company") (Nasdaq: MTGE) announced
today that the Board of Directors of AGNC Investment Corp. ("AGNC")
(Nasdaq: AGNC), the parent company of its external manager, MTGE
Management, LLC, has authorized AGNC to invest in MTGE common
stock. Any such acquisitions may occur through open market or
privately negotiated transactions in accordance with Federal
securities laws, including applicable timing and volume
limitations. AGNC further announced that its evaluation of MTGE
stock purchases will be based upon the expected total return on its
investment relative to other opportunities. To date, AGNC has not
acquired any shares of stock of MTGE other than under AGNC's
long-term performance incentive plan for its employees. AGNC
purchases of MTGE common stock are not expected to directly impact
any potential MTGE stock repurchase activity under its common stock
repurchase program, as MTGE will have priority in executing its own
share repurchases when MTGE's common stock trades at levels that
trigger repurchases under the program.
For further information or questions, please contact Investor
Relations at (301) 968-9220 or IR@MTGE.com.
ABOUT MTGE INVESTMENT CORP.
MTGE Investment Corp. is a
real estate investment trust that invests in and manages a
leveraged portfolio of agency mortgage investments, non-agency
mortgage investments and other real estate-related investments. The
Company is externally managed and advised by MTGE Management, LLC,
an affiliate of AGNC Investment Corp. (Nasdaq: AGNC). For
further information, please refer to www.MTGE.com.
FORWARD LOOKING STATEMENTS
This press release contains
forward-looking statements, including statements regarding the
expected timing of completion of the proposed transaction, the
expected benefits of the proposed transaction, and management's
plans, projections and objectives for future operations.
Forward-looking statements are based on estimates, projections,
beliefs and assumptions of management of the Company at the time of
such statements and are not guarantees of future performance or
results. Forward-looking statements involve risks and
uncertainties in predicting future results and conditions.
Actual results could differ materially from those projected in
these forward-looking statements due to a variety of important
factors, including, without limitation, changes in interest rates,
changes in the yield curve, changes in prepayment rates, the
availability and terms of financing, changes in the market value of
the Company's assets, the occurrence of any event or change of
circumstances that could give rise to the termination of the
transaction agreement, the risk that the proposed transaction will
not be consummated in a timely manner or at all, the receipt of
regulatory approval or other closing conditions for the proposed
transaction, risks related to the disruption of management time
from ongoing business operations due to the proposed transaction,
the failure to realize the expected benefits from the proposed
transaction, general economic conditions, market conditions,
conditions in the market for agency and non-agency securities and
mortgage related investments, and legislative and regulatory
changes that could adversely affect the business of the
Company. Certain important factors that could cause actual
results to differ materially from those contained in the
forward-looking statements, are included in the Company's periodic
reports filed with the Securities and Exchange Commission
("SEC"). Copies are available on the SEC's website,
www.sec.gov. The Company disclaims any obligation to update
or revise any forward-looking statements based on the occurrence of
future events, the receipt or new information, or otherwise.
CONTACT:
Investor Relations - (301) 968-9220
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SOURCE MTGE Investment Corp.