I read the Barron's article, I have read the posts here on this proposal, and I have looked over the proxy statement. Based upon that, I just voted NO across the board on the proposal. In my opinion, there is absolutely no justification in giving the outgoing management a $20 million windfall.
This stock has dropped over the last 12 months from around $9.74 to $6.84 as I write this. In my opinion with that kind of horrible performance, management should give back all of their management fees for the past year. I will gladly vote YES for a proposal that is fair to the stockholders if only for the reason of getting rid of this management team.
I have been with Fidelity for about 30 years. My wife and I have our joint account, her IRA, and my IRA with Fidelity. In all those years, I have never found as much as one mistake on my statements or my trades. Commission is $7.95 per trade. I think that ETF trades are non commission but I do not trade them so I cannot confirm that.
Well NIck, then why are you here spouting your nonsense day after day. If AGNC is such a bad investment in your opinion, I presume you sold your shares a long time ago. If not, then apparently you are not listening to your own postings.
Book value is mostly related to a change in the asset value of the holdings, not a dividend distribution. If they gave no dividend, the book value would increase or decrease based upon the valuation of the loans at any point in time.
Well, you paid extra taxes for 2015, and you will pay extra capital gains taxes when you sell your shares because your broker will reduce your original cost basis by the amount of the return of capital, and they will report than number to the IRS. If you report a different number, you will have to justify the difference to the IRS.