As you can see from the data from Onion, SPO's have happened quite frequently. AGNC/MTGE will only do them when the PPS is above the NAV so they can use the proceeds to buy MBS in an accretive fashion [i.e. increases the NAV per share]. They don't announce the SPO's in advance, but it will happen when the PPS is 4% - 5% above NAV. They have to do this to grow as tax law requires them to pay 90% + of their taxable income to shareholders as dividends, and that doesn't leave anything to grow with.
thats 3 questions....
Date Action Type Ticker / ID
02/28/13 Equity Offering AGNC US
07/18/12 Equity Offering AGNC US
03/07/12 Equity Offering AGNC US
10/26/11 Equity Offering AGNC US
06/23/11 Equity Offering AGNC US
03/21/11 Equity Offering AGNC US
01/13/11 Equity Offering AGNC US
12/09/10 Equity Offering AGNC US
09/28/10 Equity Offering AGNC US
05/14/10 Equity Offering AGNC US
Thanks for the run down spo memory lane? I was there for every one of them. If you simply bought on the close of spo day and sold on the open of DBEX, you made at least a buck or more(usually) on each. Leveraging with Call options as we did deposited many Greenbacks in our pockets. Why buy early when the spo was a 10 for 10 or 100% historic event?
The reason is simple, patience, something most of us lack, including me. That is why I have developed a monthly trading model to reap benefits while we patiently wait for the next spo. The beauty of the model is monthly reward, over time. With an 80+% historic win rate there will be some months that lose but over time you will win 80+% of the time based upon historic probability.
IMO, it beats Solitaire...or the uncertainty of random entry points....;-)