MTGE Investment Corp. Announces AGNC Investment Corp. May Invest in MTGE Investment Corp. Common Stock

BETHESDA, Md., April 26, 2017 /PRNewswire/ -- MTGE Investment Corp. ("MTGE" or the "Company") (Nasdaq: MTGE) announced today that the Board of Directors of AGNC Investment Corp. ("AGNC") (Nasdaq: AGNC), the parent company of its external manager, MTGE Management, LLC, has authorized AGNC to invest in MTGE common stock. Any such acquisitions may occur through open market or privately negotiated transactions in accordance with Federal securities laws, including applicable timing and volume limitations. AGNC further announced that its evaluation of MTGE stock purchases will be based upon the expected total return on its investment relative to other opportunities. To date, AGNC has not acquired any shares of stock of MTGE other than under AGNC's long-term performance incentive plan for its employees. AGNC purchases of MTGE common stock are not expected to directly impact any potential MTGE stock repurchase activity under its common stock repurchase program, as MTGE will have priority in executing its own share repurchases when MTGE's common stock trades at levels that trigger repurchases under the program.

For further information or questions, please contact Investor Relations at (301) 968-9220 or [email protected].

ABOUT MTGE INVESTMENT CORP.
MTGE Investment Corp. is a real estate investment trust that invests in and manages a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other real estate-related investments. The Company is externally managed and advised by MTGE Management, LLC, an affiliate of AGNC Investment Corp. (Nasdaq: AGNC).  For further information, please refer to www.MTGE.com.  

FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements, including statements regarding the expected timing of completion of the proposed transaction, the expected benefits of the proposed transaction, and management's plans, projections and objectives for future operations.  Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance or results.  Forward-looking statements involve risks and uncertainties in predicting future results and conditions.  Actual results could differ materially from those projected in these forward-looking statements due to a variety of important factors, including, without limitation, changes in interest rates, changes in the yield curve, changes in prepayment rates, the availability and terms of financing, changes in the market value of the Company's assets, the occurrence of any event or change of circumstances that could give rise to the termination of the transaction agreement, the risk that the proposed transaction will not be consummated in a timely manner or at all, the receipt of regulatory approval or other closing conditions for the proposed transaction, risks related to the disruption of management time from ongoing business operations due to the proposed transaction, the failure to realize the expected benefits from the proposed transaction, general economic conditions, market conditions, conditions in the market for agency and non-agency securities and mortgage related investments, and legislative and regulatory changes that could adversely affect the business of the Company.  Certain important factors that could cause actual results to differ materially from those contained in the forward-looking statements, are included in the Company's periodic reports filed with the Securities and Exchange Commission ("SEC").  Copies are available on the SEC's website, www.sec.gov.  The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt or new information, or otherwise.

CONTACT:
Investor Relations - (301) 968-9220

SOURCE MTGE Investment Corp.