Attached files
| file | filename |
|---|---|
| EX-1.1 - UNDERWRITING AGREEMENT - AGNC Investment Corp. | ex11uwa.htm |
| EX-5.1 - LEGAL OPINION - AGNC Investment Corp. | ex51opinion.htm |
| EX-8.1 - TAX OPINION - AGNC Investment Corp. | ex81taxopinion.htm |
| EX-3.1 - CERTIFICATE OF DESIGNATIONS - AGNC Investment Corp. | ex31certofdesignations.htm |
| EX-4.1 - SPECIMEN STOCK CERTIFICATE - AGNC Investment Corp. | ex41specimenstockcertifica.htm |
| 8-K - 8-K - AGNC Investment Corp. | agnc8k422012.htm |
Exhibit 12.1
American Capital Agency Corp.
Calculation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
($ in thousands) | |||||||||||||||||||
Pro Forma(1) | Actual(2) | ||||||||||||||||||
Year Ended December 31, 2011 | Year Ended December 31, | For the period from May 20, 2008 through December 31, 2008 (3) | |||||||||||||||||
2011 | 2010 | 2009 | |||||||||||||||||
Earnings: | |||||||||||||||||||
Income before tax | $ | 776,685 | $ | 776,685 | $ | 288,571 | $ | 118,946 | $ | 35,352 | |||||||||
Add: | |||||||||||||||||||
Interest expense | 284,575 | 284,575 | 76,026 | 43,539 | 24,937 | ||||||||||||||
Earnings before fixed charges and preferred dividends | 1,061,260 | $ | 1,061,260 | $ | 364,597 | $ | 162,485 | $ | 60,289 | ||||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | 284,575 | $ | 284,575 | $ | 76,026 | $ | 43,539 | $ | 24,937 | ||||||||||
Preferred dividends | 12,000 | — | — | — | — | ||||||||||||||
Total fixed charges and preferred dividends | $ | 296,575 | $ | 284,575 | $ | 76,026 | $ | 43,539 | $ | 24,937 | |||||||||
Ratio of earnings to fixed charges and preferred dividends | 3.58x | 3.73x | 4.80x | 3.73x | 2.42x | ||||||||||||||
(1) | In calculating the pro forma ratio of earnings to combined fixed charges and preferred stock dividends, we have assumed that the shares of Series A Preferred Stock were issued on January 1, 2011. |
(2) | We did not have any shares of preferred stock issued and outstanding for the periods presented. |
(3) | We were formed on January 7, 2008 and completed our initial public offering of our common stock on May 20, 2008. |