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Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

AGNC Investment Corp

AGNC Investment Corp.'s 2022 Performance and Future Outlook
Current Analysis##:
AGNC's 2022 fiscal year financial results highlighted the challenging fixed-income markets, with total comprehensive income (loss) per diluted common share down to $(4.22) from $0.44 in 2021. The decline was mainly due to spread widening across the coupon stack of Agency RMBS. Despite these headwinds, AGNC managed its risk profile by maintaining a large interest rate hedge position and historical lower leverage during the year.
 
Forward-Looking Analysis##:
2022 was a concerning year for fixed-income markets due to macro-economic and monetary policy uncertainty. Looking ahead, AGNC believes the demand for Agency RMBS will outpace supply, while Fed asset purchases decrease. Furthermore, AGNC is well-positioned with a conservative hedge profile and lower-end historical-level leverage. The company's positive outlook is based on favorable macroeconomic dynamics and diminished prospects of interest rate volatility due to a slowing pace of interest hikes. Hence, AGNC is ready to harness investment opportunities.

Announcement: AGNC 10-K Annual Report

Announcement: AGNC 8-K Special Filing

Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

Announcement: AGNC SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment

Form 8-K - Current report - Item 2.02 Item 9.01

Analyst Summary:

AGNC Investment Corp. (NASDAQ: AGNC) announced its Q4 2022 financial results, reporting a $0.76 increase in tangible net book value per common share, or 8.9%, compared to Q3 2022. The company’s President and CEO, Peter Federico, stated that the quarter provided reason for optimism that a very constructive and durable investment environment is emerging for Agency MBS, adding that their favorable outlook for Agency MBS is supported by several compelling dynamics. The company’s favorable investment environment for Agency MBS is supported by several compelling dynamics, including remaining well above historical averages and consistent with generating strong risk-adjusted returns. Meanwhile, the weighted average projected CPR for the remaining life of its Agency securities increased to 7% as of December 31, 2022, compared to 6% for the fourth quarter.

Disclaimer: The above text is for informational purposes only and should not be considered as financial advice nor relied upon for any trading or investment decisions. The author and IA are not financial advisors, and the content herein is not meant to be taken as advice.