Effective January 12, 2026, AGNC Investment Corp. elected Dr. Morris Davis to its Board of Directors, restoring a veteran leader who previously served from May 2008 to March 2025. Dr. Davis will serve as an independent director on the Compensation and Corporate Governance Committee, joining a ten‐member board that includes eight independent directors. His return follows a tenure as Chief Housing Economist on the President’s Council of Economic Advisors, and reflects chairman Gary Kain’s view that Davis’s deep expertise in housing policy and economics will strengthen AGNC’s governance and strategic oversight.

Since its founding in 2008, AGNC Investment Corp. has distributed more than $15 billion in common stock dividends, underscoring its commitment to cash returns. The company targets a double‐digit dividend yield through investment in agency mortgage‐backed securities and prudent use of leverage. Income‐focused investors have rewarded AGNC for consistent monthly payouts, making it a leading source of private capital for the U.S. residential housing market.

AGNC employs a dynamic leverage model, financing Agency MBS holdings primarily via repurchase agreements and other short‐term borrowings with maturities generally under one year. As of the third quarter of 2025, the firm’s at‐risk leverage ratio stood at approximately 7.5 times tangible net book value. To mitigate interest rate and market volatility, AGNC utilizes hedging programs designed to manage duration and convexity, balancing the pursuit of yield with protection against adverse shifts in the yield curve.

AGNC’s performance is closely tied to the shape of the U.S. yield curve. When short‐term funding rates decline faster than long‐term mortgage yields, the spread widens, boosting net interest income. Conversely, a flattening or inverted curve can compress margins. The company’s risk management team continuously monitors rate forecasts and adjusts its MBS portfolio and hedges to optimize returns in varying rate cycles.