Agnc Investment Corp. · NASDAQ:AGNC
Agnc Investment — American Capital Agency — KBW Mortgage Finance Conference 2016
7 slides from Agnc Investment's conference presentation, Jun 1, 2016
Slide 1: KBW Mortgage Finance Conference
© 2016 American Capital Agency Corp. All Rights Reserved. KBW MORTGAGE FINANCE CONFERENCE JUNE 1, 2016 Exhibit 99.1
Slide 2: Safe Harbor Statement Under the Private Securities Litigation Reform Act
NASDAQ: AGNC 2 This presentation contains forward-looking statements, including statements regarding the expected timing of completion of the proposed transaction, the expected benefits of the proposed transaction, and management’s plans, projections and objectives for future operations. Forward-loo
Slide 3: Overview of the Internalization Transaction
NASDAQ: AGNC OVERVIEW OF THE INTERNALIZATION TRANSACTION ♦ On May 23, 2016, American Capital Agency Corp. (“AGNC”) announced that it entered into a definitive transaction agreement to acquire American Capital Mortgage Management, LLC (“ACMM”) from American Capital Asset Management, LLC (“ACAM”), a w
Slide 4: Acquisition Rationale: Internalization Is a Transformative Step for AGNC
NASDAQ: AGNC ACQUISITION RATIONALE 4 INTERNALIZATION IS A TRANSFORMATIVE STEP FOR AGNC 1. Analysis excludes one-time transaction-related charges and non-cash expenses, such as non-cash amortization charges, associated with the transaction. Also excludes any implied financing or similar costs. 2. Rep
Slide 5: Estimated Annual Net Economic Benefit
NASDAQ: AGNC Q1 2016 Annualized, Pre-Transaction Run-Rate, Pro Forma Internalization ESTIMATED ANNUAL NET ECONOMIC BENEFIT 5 AGNC BELIEVES THE TRANSACTION WILL BE ACCRETIVE TO SHAREHOLDERS OVER THE LONG TERM AGNC Management Fee Payment Compensation and Benefits General and Administrative MTGE Manage
Slide 6: Pro Forma Operating Cost Structure Comparison
NASDAQ: AGNC PRO FORMA OPERATING COST STRUCTURE COMPARISON 6 FOLLOWING THE CLOSING OF THE TRANSACTION AND THE CONCLUSION OF THE TRANSITION SERVICES PERIOD, AGNC IS EXPECTED TO HAVE THE LOWEST OPERATING COST STRUCTURE OF ANY RESIDENTIAL MORTGAGE REIT(1,2) Operating Cost Structure Comparison Across Re
Slide 7: AGNC's Track Record of Outperformance
NASDAQ: AGNC AGNC’S TRACK RECORD OF OUTPERFORMANCE 7 AGNC TOTAL STOCK RETURN OF 196% FROM DECEMBER 31, 2008 THROUGH MAY 25, 2016 Total Stock Return Comparison(1) 1. Total stock return includes price appreciation and reinvestment of dividends from December 31, 2008 through May 25, 2016. Dividends are
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