AGNC Investment Corp. Announces Management Changes, Effective July 1, 2021
December 10, 2020 at 09:37 pm
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On December 10, 2020, AGNC Investment Corp. announced the following changes to its management that will be effective July 1, 2021. The Board will appoint Peter Federico as Chief Executive Officer. Following the appointment of Mr. Federico as Chief Executive Officer, Gary Kain, who presently serves as Chief Executive Officer and Chief Investment Officer, will serve as Executive Chairman of the Company. Mr. Federico currently serves as President and Chief Operating Officer of the Company. Mr. Federico has served as President and Chief Operating Officer since March 2018, and, from July 2016 until March 2018, he was the company's Executive Vice President and Chief Financial Officer.
AGNC Investment Corp. is an internally managed real estate investment trust (REIT). The Company provides private capital to the United States housing market, enhancing liquidity in the residential real estate mortgage markets and, in turn, facilitating home ownership in the United States. The Company invest primarily in Agency residential mortgage-backed securities (Agency RMBS) on a leveraged basis. These investments consist of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a United States Government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac, and together with Fannie Mae, the GSEs), or by a United States Government agency, such as the Government National Mortgage Association (Ginnie Mae). It may also invest in other assets related to the housing, mortgage or real estate markets.
AGNC INVESTMENT CORP. 
