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American Capital Mortgage Investment Corp. Declares $0.20 Initial Dividend
BETHESDA, Md., Sept. 13, 2011 /PRNewswire/ -- American Capital Mortgage Investment Corp. ("MTGE" or "the Company") (Nasdaq: MTGE) announced today that its Board of Directors has declared a cash dividend of $0.20 per share for the shortened "stub" period, from August 9, 2011 through September 30, 2011, following the closing of the Company's initial public offering ("IPO") and concurrent private placement. The third quarter 2011 dividend is payable on October 27, 2011 to common shareholders of record as of September 23, 2011, with an ex-dividend date of September 21, 2011.
"We are pleased to announce MTGE's inaugural dividend of $0.20 per share," said Gary Kain, President and Chief Investment Officer. "On August 9, 2011, MTGE raised approximately $199 million in net proceeds from its IPO and concurrent private placement," continued Mr. Kain. "During the course of the stub period MTGE's investment team has invested these proceeds, along with proceeds from borrowings under the Company's repurchase agreements, to purchase a portfolio of approximately $1.5 billion of agency, non-agency and other mortgage-related investments."
ABOUT AMERICAN CAPITAL MORTGAGE INVESTMENT CORP.
American Capital Mortgage Investment Corp. is a real estate investment trust ("REIT") 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. ("American Capital"). For further information please refer to www.MTGE.com.
ABOUT AMERICAN CAPITAL
American Capital 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. Founded in 1986, American Capital has $52 billion in assets under management and eight offices in the U.S., Europe and Asia. American Capital and its affiliates will consider investment opportunities from $10 million to $300 million. For further information, please refer to www.AmericanCapital.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results could differ materially from those projected in these forward-looking statements due to a variety of factors, 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, and legislative and regulatory changes that could adversely affect the business of the Company. Certain factors that could cause actual results to differ materially from those contained in the forward-looking statements, are included in the Company's periodic reports filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt or new information, or otherwise.
CONTACT:
Investor Relations – (301) 968-9220
SOURCE American Capital Mortgage Investment Corp.
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