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American Capital Agency Corp Announces $500 Million Share Buyback Program


Monday, 29 Oct 2012 12:55pm EDT 

American Capital Agency Corp announced that its Board of Directors has authorized the repurchase of up to $500 million of its outstanding shares of common stock through December 31, 2013. The Company stated that it would be its intent only to repurchase shares when the repurchase price is less than its estimate of the current net book value of a share of common stock. When AGNC purchases its stock at a discount to book value, it increases the per share book value of the remaining shares. 

Company Quote

21.45
 +0.00%
29 Sep 2014