Page 1

AGNC INVESTMENT CORP FOR IMMEDIATE RELEASE July 26 , 2021 CONTACT : Investors ( 301 ) 968-9300 Media ( 301 ) 968-9303 AGNC INVESTMENT CORP . ANNOUNCES SECOND QUARTER 2021 FINANCIAL RESULTS Bethesda , MD - July 26 , 2021 - AGNC Investment Corp. ( " AGNC " or the " Company " ) ( Nasdaq : AGNC ) today announced financial results for the quarter ended June 30 , 2021 . SECOND QUARTER 2021 FINANCIAL HIGHLIGHTS • $ ( 0.97 ) comprehensive loss per common share , comprised of : • • ° $ ( 0.83 ) net loss per common share $ ( 0.15 ) other comprehensive loss ( " OCI " ) per common share on investments marked - to- market through OCI $ 0.76 net spread and dollar roll income per common share , excluding estimated " catch - up " premium amortization cost 1 ° Includes $ 0.31 per common share of dollar roll income associated with the Company's $ 28.1 billion average net long position in forward purchases and sales of Agency mortgage - backed securities ( " MBS " ) in the " to - be - announced " ( " TBA " ) market Excludes $ ( 0.13 ) per common share of estimated " catch - up " premium amortization cost due to change in projected constant prepayment rate ( " CPR " ) estimates $ 16.39 tangible net book value per common share as of June 30 , 2021 о Decreased $ ( 1.33 ) per common share , or -7.5 % , from $ 17.72 per common share as of March 31 , 2021 • $ 0.36 dividends declared per common share for the second quarter • -5.5 % economic return on tangible common equity for the quarter о Comprised of $ 0.36 dividends per common share and $ ( 1.33 ) decrease in tangible net book value per common share