BETHESDA, Md., March 10, 2017 /PRNewswire/ -- MTGE Investment
Corp. ("MTGE" or the "Company") (Nasdaq: MTGE) announced today that
its Board of Directors has elected Steven
W. Abrahams to the Board effective immediately. MTGE's
Board of Directors now consists of five members, including four
independent directors.
Mr. Abrahams is the Co-Founder and Chief Executive Officer of
Milepost Capital Management LLC, an investment advisory firm that
provides investment strategy; research; asset sourcing, selection,
and reporting; and portfolio accounting to U.S. community banks.
Mr. Abrahams also currently serves as an Adjunct Professor of
Finance and Economics at the Columbia Business
School. Prior to founding Milepost Capital in 2016,
Mr. Abrahams was a Managing Director and the Head of MBS and
Securitization Research at Deutsche Bank AG from 2010 until
2016. From 2008 until 2009, he founded and served as a
Managing Director of Citadel Capital Advisors, a business unit of
Citadel LLC established to advise institutional investors managing
complex portfolios of loans, securities and related risks.
From 2001 to 2008, Mr. Abrahams served in a number of roles
at Bear Stearns & Co. Inc., including Senior Managing Director,
Global Head of Liquid Product Strategy from 2005 until 2008.
Mr. Abrahams holds a Ph.D. in Psychology from Columbia University.
"We are pleased to welcome Steve to the MTGE Board.
Steve's significant experience with, and expertise in, U.S.
mortgage-backed securities and global fixed income investing will
complement the strong and diverse skill set of our existing Board,"
said Gary Kain, MTGE's Chief
Executive Officer, President and Chief Investment
Officer.
For further information or questions, please contact Investor
Relations at (301) 968-9220 or IR@MTGE.com.
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.
CONTACT:
Investor Relations - (301) 968-9220
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SOURCE MTGE Investment Corp.