BETHESDA, Md.
,
March 10, 2017
/PRNewswire/ --
MTGE Investment Corp.
("MTGE" or the "Company") (Nasdaq: MTGE) announced today that its Board of Directors has elected
Steven W. Abrahams
to the Board effective immediately. MTGE's Board of Directors now consists of five members, including four independent directors.
Mr. Abrahams is the Co-Founder and Chief Executive Officer of
Milepost Capital Management LLC
, an investment advisory firm that provides investment strategy; research; asset sourcing, selection, and reporting; and portfolio accounting to U.S. community banks. Mr. Abrahams also currently serves as an Adjunct Professor of Finance and Economics at the
Columbia Business School
. Prior to founding
Milepost Capital
in 2016, Mr. Abrahams was a Managing Director and the Head of
MBS and Securitization Research
at
Deutsche Bank AG
from 2010 until 2016. From 2008 until 2009, he founded and served as a Managing Director of
Citadel Capital Advisors
, a business unit of
Citadel LLC
established to advise institutional investors managing complex portfolios of loans, securities and related risks. From 2001 to 2008, Mr. Abrahams served in a number of roles at
Bear Stearns & Co. Inc.
, including Senior Managing Director, Global Head of Liquid Product Strategy from 2005 until 2008. Mr. Abrahams holds a Ph.D. in Psychology from
Columbia University
.
"We are pleased to welcome Steve to the MTGE Board. Steve's significant experience with, and expertise in, U.S. mortgage-backed securities and global fixed income investing will complement the strong and diverse skill set of our existing Board," said
Gary Kain
, MTGE's Chief Executive Officer, President and Chief Investment Officer.
For further information or questions, please contact Investor Relations at (301) 968-9220 or
IR@MTGE.com.
ABOUT
MTGE INVESTMENT CORP.
MTGE Investment Corp.
is a real estate investment trust that invests in and manages a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other real estate-related investments. The Company is externally managed and advised by
MTGE Management, LLC
, an affiliate of
AGNC Investment Corp.
(Nasdaq: AGNC). For further information, please refer to
www.MTGE.com.
CONTACT:
Investor Relations - (301) 968-9220
SOURCE
MTGE Investment Corp.
