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American Capital Agency Corp. Message Board

  • kmbowles10 kmbowles10 Jul 8, 2008 10:01 PM Flag

    From CSE board - AGNC vs. TONE

    yoma - i like AGNC more than TONE myself - also AGNC will b great for yield - you might want to check it out...AGNC just did an IPO in May at $20, and is now selling for $15 which should be about .75 of book... AGNC is a mreit.

    AGNC invested only in Agency RMBS and borrows short on revolvers to capture the yield spread between the RMBS and short term borrowing. AGNC can go up to 10x leverage...its alot like like nly

    Just declared a partial div of 31 cents which by my calculation is for less than 1/2 a qtr...which should mean a div of at least 62 cents/qtr going forward and prbbly more. I called mngmnt to see what the div going foreward is and they said they could only refer me to the press release, so that's my interpretation of the yield. The prospectus can be found on their website


    i'm long 1400 shares as of options available yet.

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