I'm definitely for the buyback, and agree that it should have a better return, but do you think they're finding other investments with better expected returns than ~15-20% from investing in AGNC? Or are they not entering new investments?
I don't think they should be investing in MTGE and AGNC any more than they are or above a small relative position. I'm in the BDC because they are investing in private companies. If I want to invest AGNC or MTGE I can do that on my own.