No. of Recommendations: 2
AGNC Down 3.8% After $1.58B, 50M Share Offering

By Michael Aneiro

Shares of mortgage REIT American Capital Agency Corp. (AGNC) are off $1.24, or 3.8%, to $31.54 after AGNC this morning announced that it sold 50 million common stock shares. The sale netted $1.58 billion in gross proceeds, which AGNC said it plans to use to acquire more agency securities and for general corporate purposes.

http://us.rd.yahoo.com/finance/external/barrons/SIG=12tmmuo8......

This has potential of being 17% dilutive.

Mark, worried.
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