Jim Cramer on AGNC Investment: “It is Not a Growth Vehicle”

Company Overview - AGNC Investment Corp. (NASDAQ:AGNC) is a real estate investment trust that focuses on investing in residential mortgage-backed securities and collateralized mortgage obligations backed by U.S. government agencies [1] Recent Developments - On September 4, AGNC launched a $300 million offering of 12 million depositary shares tied to its 8.75% Series H preferred stock, with underwriters having the option to purchase up to 1.8 million additional shares within 30 days [1] - The new shares are expected to trade on Nasdaq under the symbol "AGNCZ," and the proceeds will be used for acquiring mortgage and real estate-related assets, hedging tools, and other general purposes [1] Market Sentiment - Jim Cramer expressed a negative outlook on AGNC, stating it is not a growth vehicle and that investors may only receive dividends without clarity on the company's actual holdings [1]