There are presently 10,000,000 shares of preferred stock. AGNC is asking for a vote of shareholders to release another 10,000,000 shares, and your vote needs to be in prior to 6/28. What will the addition do to the price of this position?? From the meeting held earlier today.
Raising more preferred equity is exactly the right thing to do at this time. The capital structure of a company depends on the earnings reliability. Preferred costs less than common, and so the greatest proportion of equity should be preferred to the extent that it can be reliably supported with earnings.