AGNC Investment Reappoints Dr. Morris Davis to Board of Directors for Enhanced Expertise

AGNC Investment Welcomes Dr. Morris Davis Back to Its Board of Directors

AGNC Investment Corp. announces the return of Dr. Morris Davis to its Board of Directors, effective January 12, 2026. Dr. Davis previously served on the board from May 2008 until March 2025, when he resigned to take on the role of Chief Housing Economist for the Council of Economic Advisors to the President. His reappointment comes at a critical time as AGNC seeks to leverage his extensive expertise in housing policy and economics. With this addition, AGNC's Board now consists of ten members, including eight independent directors, further strengthening its governance framework.

Gary Kain, Executive Chair of AGNC's Board, expresses enthusiasm about Dr. Davis's return, emphasizing that his knowledge will be invaluable to the company. Dr. Davis's background as the Paul V. Profeta Chair of Real Estate at Rutgers Business School and his roles as a Visiting Scholar with the Federal Reserve Banks of Minneapolis and Chicago position him as a leading authority in housing markets. He brings a wealth of experience, having authored research that has garnered over 5,400 citations in prominent academic journals, reinforcing the company's commitment to informed decision-making and strategic planning.

AGNC Investment specializes in investing in Agency residential mortgage-backed securities (Agency MBS), which are protected against credit losses by government-sponsored enterprises like Fannie Mae, Freddie Mac, or Ginnie Mae. The company utilizes leveraged financing through repurchase agreements and dynamic risk management strategies to navigate market volatility, ensuring sustainable returns for its shareholders. Since its inception in 2008, AGNC has distributed over $15 billion in common stock dividends, underscoring its role as a key player in providing private capital to the U.S. residential housing market.

In addition to Dr. Davis's appointment, AGNC continues to focus on its core mission of delivering value to shareholders while maintaining a robust governance structure. The company remains committed to adapting its strategies in alignment with the evolving housing market landscape, ensuring its position as a leader in the Agency MBS sector.

As AGNC Investment moves forward, the expertise brought by Dr. Davis is expected to enhance its strategic initiatives, further solidifying its influence within the housing finance industry. For more information on AGNC's operations and governance, visit www.AGNC.com.