AGNC 3Q2010 earnings release

Press Release Source: American Capital Agency Corp. 

On Tuesday October 26, 2010, 4:20 pm EDT

BETHESDA, Md.

, Oct. 26 /PRNewswire-FirstCall/ -- American Capital Agency Corp. ("AGNC" or the "Company") (Nasdaq:AGNC - News) today reported net income for the third quarter of 2010 of $60.0 million, or $1.69per share, and book value of $23.43 per share.

THIRD QUARTER 2010 FINANCIAL HIGHLIGHTS

• $1.69 per share of net income
  • $1.11 per share, excluding $0.59 per share of other investment related income and$0.01 per share of accrued excise tax
• $1.59 per share of taxable income
• $1.40 per share dividend declared
• $0.99 per share of undistributed taxable income as of September 30, 2010
  • Undistributed taxable income was $39 million as of September 30, 2010, a $2 millionincrease from June 30, 2010
  • $0.74 per share, pro forma, when adjusted for the $328 million follow-on equity offering that settled on October 1, 2010
• $23.43 book value per share as of September 30, 2010
  • $23.78 per share, pro forma, when adjusted for the follow-on equity offering
• 27.9% annualized return on average stockholders' equity ("ROE") for the quarter

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