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American Capital Agency Corp. (AGNC)

(NasdaqGS: AGNC)

Summary

Faruqi & Faruqi, LLP Launches An Investigation Against American Capital Agency Corp. (AGNC) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of American Capital Agency Corp. (“American Capital” or the “Company”) (NasdaqGS: AGNC) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the amendment of the Company’s certificate of incorporation.

Specifically, in the additional proxy soliciting materials filed by the Company with the Securities and Exchange Commission on May 31, 2013, the Board of Directors recommends that American Capital’s shareholders vote to approve an amendment to the Company's certificate of incorporation to increase the number of authorized shares of preferred stock from 10,000,000 to 20,000,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of American Capital common stock.

If you own common stock in American Capital and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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    American Capital Agency Corp. (AGNC)
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Faruqi & Faruqi, LLP
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New York, NY 10017
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Case Details

Date:

  • 06/10/2013

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