MTGE Investment Terminates Dividend Reinvestment And Direct Stock Purchase Plan

(RTTNews) - MTGE Investment Corp. (MTGE) said that in accordance with the terms of the merger agreement between the company, Annaly Capital Management, Inc. (NLY) and Mountain Merger Sub Corp., dated May 2, 2018, the company's board of directors has declared a short-period cash dividend on shares of its common stock.

In addition, the company announced the termination of its dividend reinvestment and direct stock purchase plan, effective as of August 27, 2018.

MTGE Investment's board of directors has declared a dividend of $0.38043 per common share for the period from June 29, 2018 through September 6, 2018, which is the business day before the expected closing of the previously announced exchange offer by Annaly and Merger Sub for all of the outstanding shares of common stock of MTGE.