MTGE Profile
American Capital Mortgage Investment Corp. - MTGE is a real estate investment trust (REIT) that invests primarily in, acquires and manages a portfolio of agency and non-agency residential mortgage-backed securities, and other mortgage-related investments. The company was founded in 2011 and is headquartered in Bethesda, Maryland.
As of December 31, 2020, MTGE's portfolio consisted of $11.4 billion of agency residential mortgage-backed securities, $1.1 billion of non-agency residential mortgage-backed securities, and $165 million of other investments.
MTGE generates revenue primarily from the interest income on its investment portfolio. The company has historically paid a quarterly dividend to shareholders.
In August 2020, MTGE announced a merger with Annaly Capital Management, another REIT focused on residential and commercial real estate investments. The merger was completed in December 2020, with Annaly as the surviving entity and MTGE as a wholly owned subsidiary.
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