I doubt it. I think they are in a buyback trading blackout window because they know the div but we don't. If the board had already set the div I think that would be akin to insider trading. Does that SEC rule exist?
They said at the Conference the percentage hit to book value is about the same as q1. So BV is probably around 25-26. Right where the price is now. Further a div cut is coming. Mr Kain practically stated that. Read the transcript. If it happens this quarter or not is the big question.
in the seeking alpha transcript of AGNC's recent presentation they mention that they would activate their stock repurchase program when the stock price fell below book value which it is now. buying ahead of the dividend distribution helps with the dividend by reducing the float - fewer shares to send dividend checks for, right?