American Capital Mortgage Investment Corp. Announces Pricing Of Public
Offering Of Common Stock
BETHESDA, Md., Feb. 12, 2013
BETHESDA, Md., Feb. 12, 2013 /PRNewswire/ -- American Capital Mortgage
Investment Corp. (Nasdaq: MTGE) ("MTGE" or the "Company") announced today that
it priced a public offering of 20,000,000 shares of common stock for total
expected gross proceeds of approximately $513 million before expenses.
In connection with the offering, the Company has granted the underwriters an
option for 30 days to purchase up to an additional 3,000,000 shares of common
stock. The offering is subject to customary closing conditions and is expected
to close on February 15, 2013.
MTGE expects to use the net proceeds from this offering to invest, as market
conditions warrant, in its targeted assets, which include agency mortgage
investments, non-agency mortgage investments and other mortgage-related
Barclays, Citigroup, Credit Suisse Securities (USA) LLC, Morgan Stanley and
Wells Fargo Securities are joint book-running managers for the offering. JMP
Securities LLC and Keefe, Bruyette & Woods, Inc. are the co-lead managers for
the offering. Maxim Group LLC and Wunderlich Securities are the co-managers
for the offering.
The offering will be made pursuant to MTGE's existing effective shelf
registration statement, previously filed with the Securities and Exchange
Commission. The offering of these securities will be made only by means of a
prospectus. Copies of the prospectus may be obtained from Barclays Capital
Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, telephone: (888) 603-5847, email:
Barclaysprospectus@broadridge.com; Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800)
831-9146; Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, One Madison Avenue, New York, NY 10010, telephone: (800) 221-1037;
Morgan Stanley & Co., LLC, Attn: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014-4606, telephone: (866) 718-1649, email:
firstname.lastname@example.org; or Wells Fargo Securities, LLC, Attention:
Equity Syndicate Dept., 375 Park Avenue, New York, New York 10152, telephone:
(800) 326-5897, email: email@example.com.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy shares of common stock, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such jurisdiction.
ABOUT AMERICAN CAPITAL MORTGAGE INVESTMENT CORP.
American Capital Mortgage Investment Corp. is a real estate investment trust
formed in 2011 that invests in and manages a leveraged portfolio of agency
mortgage investments, non-agency mortgage investments and other
mortgage-related investments. The Company is externally managed and advised by
American Capital MTGE Management, LLC, an affiliate of American Capital, Ltd.
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 $117 billion of total assets under management (including
levered assets). Through an affiliate, American Capital 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
This press release contains statements that constitute "forward-looking
statements," including with regard to the Company's securities offering and
the anticipated use of the net proceeds. These statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. No assurance can be given that the securities offering discussed above
will be completed on the terms described, or at all, or that the net proceeds
of the offering will be used as indicated. Completion of the securities
offering on the terms described, and the application of net proceeds, are
subject to numerous conditions, many of which are beyond the control of the
Company, including, without limitation, changes in interest rates; changes in
the yield curve; changes in prepayment rates; the availability and terms of
financing; changes in the market value of our assets; general economic
conditions; market conditions; conditions in the market for agency securities;
legislative and regulatory changes that could adversely affect the business of
the Company; and other factors, including those set forth in the Risk Factors
section of the Company's periodic reports and other documents filed with the
Securities and Exchange Commission ("SEC"). Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release.
Investor Relations – (301) 968-9220
SOURCE American Capital Mortgage Investment Corp.
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