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.
Investor Relations - (301) 968-9220
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SOURCE MTGE Investment Corp.