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American Capital Agency Corp. Message Board

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  • mr.phil2u mr.phil2u Jan 7, 2013 7:31 PM Flag

    AGNCP - What are the disadvantages?

    AGNCP looks pretty good to me. The price at close $25.89 gives you a 7.72% yield. A new Prefered issue can not be called before 5 years. Three dividends have been paid so at least 17 more for sure. If rising interest rates it might not be called. It is "Cummulative" if the BOD fails to pay a Dividend on AGNCP it has to be paid with interest at a later time. They cant declare a common Dividend if money owed on a"Commulative" Preferred share. The only way to lose its PPS would go down with rising interest. AGNC doing a BK would be the only chance of a loss of Parr or due Dividends and Interest. I plan to put this on my watchlist.

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