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American Capital Agency Corp. Announces Pricing of Public Offering of Common Stock



 American Capital Agency Corp. Announces Pricing of Public Offering of Common
                                    Stock

PR Newswire

BETHESDA, Md., Feb. 28, 2013

BETHESDA, Md., Feb. 28, 2013 /PRNewswire/ -- American Capital Agency Corp.
(Nasdaq: AGNC) ("AGNC" or the "Company") announced today that it priced a
public offering of 50,000,000 shares of common stock for total expected gross
proceeds of approximately $1.58 billion before expenses.

In connection with the offering, the Company has granted the underwriters an
option for 30 days to purchase up to an additional 7,500,000 shares of common
stock. The offering is subject to customary closing conditions and is expected
to close on March 5, 2013.

AGNC expects to use the net proceeds from this offering to acquire additional
agency securities as market conditions warrant and for general corporate
purposes.

BofA Merrill Lynch, Citigroup, Credit Suisse Securities (USA) LLC, Goldman,
Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are joint
book-running managers for the offering.  Mitsubishi UFJ Securities and Nomura
are co-lead managers for the offering. 

The offering will be made pursuant to AGNC's existing effective 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 BofA Merrill Lynch, 222
Broadway, New York, NY 10038, Attn: Prospectus Department or email
dg.prospectus_requests@baml.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,
email: newyork.prospectus@credit-suisse.com; Goldman, Sachs & Co., 200 West
Street, New York, NY 10282, Attn: Prospectus Department, telephone:
1-866-471-2526, facsimile: 212-902-9316, email: prospectus-ny@ny.email.gs.com;
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Ave, Edgewood, NY 11717, telephone: 1-866-803-9204 or Morgan Stanley &
Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor,
New York, New York 10014, telephone: (866) 718-1649 or email a request to
prospectus@morganstanley.com.  The underwriters may offer the shares in
transactions on the Nasdaq, in the over-the-counter market or through
negotiated transactions at market prices or at negotiated prices.

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 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").

ABOUT AMERICAN CAPITAL
American Capital, Ltd. (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).  American Capital, through a wholly-owned portfolio company,
manages publicly traded American Capital Agency Corp. (NASDAQ: AGNC) with
approximately a $10 billion market capitalization and American Capital
Mortgage Investment Corp. (NASDAQ: MTGE) with approximately a $1.5 billion
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.

FORWARD-LOOKING STATEMENTS
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.

CONTACT:
Investors – (301) 968-9300

SOURCE American Capital Agency Corp.
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