DX-C vs. AGNC Preferred shares
Quick note for anyone still with us.
Have a look at the spread between DX-C (DX.PR.C) and AGNC’s preferred shares.
I’ll be focusing on (AGNCM), (AGNCO), and (AGNCP). We could use AGNCN, but the current floating rate on AGNCN leads to the price being a bit more stable than just about any other share.
I think there’s a difference in relative values here. It’s big enough to warrant calling it out for members.