AGNC Investment Corp

AGNC Investment Corp functions as a USbased real estate investment trust REIT Its portfolio primarily consists of residential mortgagebacked securities and collateralized mortgage obligations with both principal and interest guaranteed by either US governmentsponsored enterprises or direct US government agencies These investments are largely financed through secured borrowing arrangements known as repurchase agreements Having opted for REIT status under the 1986 Internal Revenue Code the company avoids federal corporate income taxation provided it distributes a minimum of 90 of its taxable earnings to shareholders Established in 2008 and headquartered in Bethesda Maryland the firm was known as American Capital Agency Corp until its rebranding as AGNC Investment Corp in September 2016