American Capital Agency Corp. Adds Two Members To Its Board Of Directors
BETHESDA, Md., Feb. 7, 2013
BETHESDA, Md., Feb. 7, 2013 /PRNewswire/ --American Capital Agency Corp.
(Nasdaq: AGNC) ("AGNC" or the "Company") announced that at a meeting today,
the Company's Board of Directors voted to increase the size of the Board by
two and elected Prue B. Larocca and John R. Erickson to the new positions.
"We are very excited to have Prue and John join our Board of Directors," said
Malon Wilkus, Chair and Chief Executive Officer of AGNC. "Both of these
Directors bring a wealth of insight and experience, which will be invaluable
to our Board, and I expect that they will play an integral role in guiding
AGNC in the years ahead."
Ms. Larocca retired in 2011 from Royal Bank of Scotland (RBS), where from 1997
until her retirement, she was a Managing Director in the firm's Mortgage
Backed and Asset Backed Finance Group. She is a widely recognized expert in
the areas of housing finance and securitization and is a member of the board
of the Housing Preservation Foundation as well as having previously served two
terms on the board of the American Securitization Trade Association. Prior to
joining RBS, Ms. Larocca was a Senior Vice President at Lehman Brothers in the
mortgage finance business, managed the consumer and single family
securitization business for the Resolution Trust Corporation, practiced law
with the firms of Milbank, Tweed, Hadley and McCloy as well as Kutak Rock.
She is a graduate of the Georgetown University Law Center and Indiana
Mr. Erickson has served as the Company's Executive Vice President and Chief
Financial Officer since its formation in 2008. He is also Executive Vice
President and Treasurer of the Company's Manager, American Capital AGNC
Management, LLC. Mr. Erickson is also the Executive Vice President and Chief
Financial Officer and a member of the Board of Directors of American Capital
Mortgage Investment Corp. Mr. Erickson has also served as President,
Structured Finance of American Capital, Ltd. since 2008 and as its Chief
Financial Officer since 1998. From 1991 to 1998, Mr. Erickson was the Chief
Financial Officer of Storage USA, Inc., a REIT formerly traded on the New York
ABOUT AMERICAN CAPITAL AGENCY CORP.
American Capital Agency Corp. is a real estate investment trust that invests
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 AGNC Management, LLC, an affiliate of
American Capital, Ltd. ("American Capital"). For further information, please
refer to www.AGNC.com.
ABOUT AMERICAN CAPITAL
American Capital (Nasdaq: ACAS)is a publicly traded private equity firm and
global asset manager. American Capital, both directly and through its asset
management business, originates, underwrites and manages investments in middle
market private equity, leveraged finance, real estate and structured
products. American Capital manages $18.6 billion of assets, including assets
on its balance sheet and fee earning assets under management by affiliated
managers, with $118 billion of total assets under management (including
levered assets). American Capital, through a wholly-owned portfolio company,
manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC) with
approximately $10 billion market capitalization and American Capital Mortgage
Investment Corp. (Nasdaq: MTGE) with approximately $850 million market
capitalization. From its eight offices in the U.S. and Europe, American
Capital and its affiliate, European Capital, will consider investment
opportunities from $10 million to $750 million. For further information,
please refer to www.AmericanCapital.com.
Investors – (301) 968-9300
SOURCE American Capital Agency Corp.
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