As of September 30 AGNC had approximately $3.6B of cash and unencumbered Agency MBS, which represented approximately 52% of the Company’s tangible equity as of September 30. In light of recent market volatility, the Company also provided an update regarding its estimated tangible net book value per common share and its “at risk” leverage ratio. The Company estimated that its tangible net book value per common share as of October 20 was between $6.80-$7.00 per common share, or between $6.68-$6.88 per common share after deduction for the Company’s common dividend previously declared for the month of October, which has a record date of October 31, and payment date of November 9. The Company estimated that its “at risk” leverage ratio as of October 20 was approximately 8.2x.
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