BETHESDA, Md., Dec. 15, 2016 /PRNewswire/ -- AGNC Investment
Corp. (Nasdaq: AGNC) ("AGNC" or the "Company") announced today that
its Board of Directors elected Paul E.
Mullings to the Board effective immediately. Mr.
Mullings will serve as an independent director on the Company's
Audit and Compensation and Corporate Governance Committees.
AGNC's Board of Directors now consists of five members, including
four independent directors.
Mr. Mullings currently serves as a Managing Director of The
Collingwood Group, a business advisory and risk management firm
focused on the financial services industry. From 2005 to
2015, Mr. Mullings served as a Senior Vice President of Freddie Mac
in the Single Family Business division. While at Freddie Mac,
he also served on the Operating, Management and Credit Risk
Committees. Prior to joining Freddie Mac, Mr. Mullings was a
Senior Vice President at J.P. Morgan Chase & Co. in home
finance from 1997 to 2005. Previously, Mr. Mullings was the
President and Chief Executive Officer of the Mortgage Electronic
Registration Systems, Inc. (MERS) and the President and Chief
Executive Officer of the Residential Mortgage Division of the First
Interstate Bank in Los Angeles. Mr. Mullings received his
Overseas Certificate in Business Studies from the College of Arts,
Science and Technology in Kingston,
Jamaica, following which he became a Member of The Institute
of Accounting Staff in conjunction with the Association of
Certified Accountants in London,
England.
"We are extremely pleased to welcome Paul to the AGNC
Board. Paul has over 40 years of experience in the mortgage
banking sector, particularly in the fixed income and secondary
mortgage markets. He is a valuable addition to our Board, and
we look forward to his insight and contributions," said
Gary Kain, AGNC's Chief Executive
Officer, President and Chief Investment Officer.
ABOUT AGNC INVESTMENT CORP.
AGNC Investment Corp. is an internally-managed real estate
investment trust that invests primarily in agency pass-through
securities and collateralized mortgage obligations for which the
principal and interest payments are guaranteed by a U.S. Government
agency or a U.S. Government-sponsored entity. For further
information, please refer to www.AGNC.com.
CONTACT:
Investor Relations - (301) 968-9300
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SOURCE AGNC Investment Corp.