I don't have any interest in AGNC, but curious how you figure the div is gone from being unable to pass this at the present time:
"to increase the number of authorized shares of preferred stock from 10,000,000 to 20,000,000 shares"
If they were already out voted, and knew they couldn't get the required majority, there would be no need for a continuation.
Todays "meeting" was actually a continuation from an April 30th meeting. Somebody evidently didn't do a very good job on the phones.
BETHESDA, Md., April 30, 2013 /PRNewswire/ -- American Capital Agency Corp. ( AGNC) ("AGNC" or the "Company") announced that at its 2013 Annual Meeting of Stockholders held earlier today, its stockholders voted to approve the re-election of the Company's Board of Directors and the ratification of the Company's independent public accountants and to adjourn the meeting with respect to a proposed amendment to AGNC's certificate of incorporation to increase the number of authorized shares of preferred stock from 10,000,000 to 20,000,000 shares. The meeting will reconvene on May 30, 2013, allowing stockholders additional time to vote on the amendment to its certificate of incorporation. |
