AGNC Reports $1.69 Earnings Per Share

American Capital Agency Corp.  AGNC today reported net income for the third quarter of 2010 of $60.0 million, or $1.69 per 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 million increase 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