AGNC Investment Corp.

AI-generated fair value estimate for this company.

Method: PV of the remaining approximately 4.2 quarterly coupons of $0.484375 (7.75%/4 x $25 par) on AGNC Investment Corp's Series G Fixed-Rate Reset preferred (depositary share AGNCL) through the 10/15/2027 call/reset date, plus $25 principal returned at that date, discounted at an assumed 8.00% annual required yield (2.00%/quarter); PV of coupons is approximately $1.95, PV of $25 principal is approximately $23.0 (discount factor 1.02^-4.2), total = $24.94.

Reasoning: AGNCL is still in its fixed-rate period with a known, near-term call/reset date, so a PV-to-call approach is appropriate; the result sits within about 0.5-1.5% of the approximately $25.05-$25.30 observed market price, and the 2027 reset to 5-year UST + 4.39% (implying roughly 9.4% if not called) helps explain why it trades near par despite its comparatively lower current coupon.