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Rating: AGNC

American Capital Agency Corp. (NASDAQ: AGNC) downgraded to Underperform by BofA/Merrill

Wednesday,  Jun 17, 2015  10:25 AM ET by Dave Ficere

BofA/Merrill downgraded American Capital Agency Corp. (NASDAQ: AGNC) to Underperform. Previously BofA/Merrill rated Neutral American
Capital Agency Corp. (NASDAQ: AGNC) on 10/29/2013, when the stock price was $22.31. Since then, American Capital Agency Corp.'s stock price has lost 11% as of 06/17/2015's recent price of $19.75.

American Capital Agency Corp. (AGNC) is a real estate investment trust (REIT). AGNC earns income primarily from investing in single-family residential mortgage pass-through securities and collateralized mortgage obligations. These investments consist of securities, for which the principal and interest payments are guaranteed by United States Government-sponsored entities, such as the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by a United States Government agency, such as the Government National Mortgage Association (Ginnie Mae). AGNC is externally managed by American Capital Agency Management, LLC, a subsidiary of a wholly owned portfolio company of American Capital.


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