American Capital Mortgage Investment Corp. Buyback
OLI recorded this information on 12/18/2013
Company:
American Capital Mortgage Investment Corp.
Buyback:
MTGE buyback
Shares Announced Repurchased:
1,500,000.00
Buyback Details:
The Company also announced today that in the fourth quarter of 2013, it made open market purchases of approximately 1.5 million shares of American Capital Mortgage common stock, or 2.9% of the Company's outstanding shares as of September 30, 2013. The shares were purchased at an average price of $19.42 per share, including expenses, totaling approximately $30.0 million. Since commencing a buyback program in the fourth quarter of 2012, the Company has purchased approximately 7.9 million shares of American Capital Mortgage common stock for total consideration of approximately $160.9 million, including expenses.
MTGE Investment invests in, finances and manages a portfolio of real estate-related investments, which include agency residential mortgage-backed securities (RMBS), non-agency securities, other mortgage-related investments and other real estate investments. Agency RMBS include residential mortgage pass-through certificates and collateralized mortgage obligations. Non-agency securities include securities backed by residential mortgages that are not guaranteed by a government-sponsored enterprise or U.S. Government agency and credit risk transfer securities. Other mortgage-related investments may include mortgage servicing rights and commercial mortgage-backed securities.
Preferred: NLY.PRH
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Hold (2.00 out of 4) 100th percentile
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