June 23, 2008 (FinancialWire) American Capital Agency Corp. (NASDAQ: AGNC) (Current Market Cap: US$5.38 Bil.) board has declared a cash dividend of $0.31 per share for the shortened "stub" period from the closing of the company's initial public offering and concurrent private placement on May 20 through June 30.

The second quarter 2008 dividend is payable on July 29 to common shareholders of record as of July 2, with an ex-dividend date of June 30.

On May 20, the company raised over $286 million in net proceeds from its IPO and concurrent private placement. It has invested these net proceeds, along with proceeds from borrowings under repurchase agreements with twelve global financial institutions, in around $2.5 billion of agency securities.

On average, the portfolio was deployed for around 27 days during the stub period.

Bethesda, Maryland-based American Capital Agency is a real estate investment trust formed in 2008 to invest exclusively in agency pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity. The company is externally managed and advised by American Capital Agency Management, a wholly-owned subsidiary of a wholly-owned portfolio company of American Capital Strategies.

FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .

Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .

http://www.financialwire.net