Peter Federico, previously President and Chief Operating Officer, was appointed President of AGNC Investment Corp. and Christopher Kuehl, previously Executive Vice President, Agency Portfolio Investments, was appointed Executive Vice President and Chief Investment Officer. In the transition, Gary Kain was appointed Executive Chair of the Board of Directors of the Company, and Prue Larocca, previously the Board's Chair, was elected as Vice Chair of the Board and will continue as the Company's Lead Independent Director. In connection with his appointment as Chief Executive Officer, Mr. Federico is now the Company's principal executive officer. Mr. Federico has served as the Company's President since March 2018, as Chief Operating Officer from March 2018 until July 2021, and as Executive Vice President and Chief Financial Officer from July 2016 until March 2018.
AGNC Investment Corp. is an internally managed real estate investment trust (REIT). The Company provides private capital to the United States housing market, enhancing liquidity in the residential real estate mortgage markets and, in turn, facilitating home ownership in the United States. The Company invest primarily in Agency residential mortgage-backed securities (Agency RMBS) on a leveraged basis. These investments consist of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a United States Government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac, and together with Fannie Mae, the GSEs), or by a United States Government agency, such as the Government National Mortgage Association (Ginnie Mae). It may also invest in other assets related to the housing, mortgage or real estate markets.