American Capital Agency (NASDAQ:AGNC) has unveiled the pricing of its latest stock flotation. The company, which is to issue 50 million shares of common stock in a public offering, said it anticipated $1.58 billion in proceeds before expenses from the issue. That would equate to a price of roughly $31.60 per share.
Additionally, the firm said that it had granted the underwriters of the issue a 30-day option to buy up to an additional 7.5 million shares. This offering is expected to close on March 5.