AGNC Investment Corp.'s board authorized a new program to repurchase up to $1 billion of the company's common stock. The program runs through December 31, 2028.
Approved in October 2026, it replaces a previous authorization set to expire at the end of 2026.
Repurchases are permitted only when the stock trades at or below AGNC's then-current estimated tangible net book value per share. The authorization followed the company's third-quarter report, which showed tangible net book value had decreased to $7.13 per share.