American Capital Agency (NASDAQ:AGNC)
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The company is organized as a real estate investment trust. It uses leverage to invest in single-family residential mortgage pass-through securities and collateralized mortgage obligations that are guaranteed by the U.S. Government.
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Fed Reserve stays true until 2014, I would collect the dividend. Any capital gains are an added bonus.
The latest earnings report shows a serious flaw in the structure of this company. This will probably show up again in next earnings no matter what the fed does.