Dec. 16, 2022 3:13 PM ET

• AGNC's suite of five preferred stocks gives us a terrific laboratory for observing and predicting how each preferred will tether, if at all.
• When a preferred stock converts, it doesn't necessarily trade close to par.
• See why we predict three of the five preferreds will likely tether and why AGNCN will continue to trade near par.
• AGMCM offers the highest Adjusted Yield to Conversion (YTC).

AGNC Preferreds_ Let's Play Tether Ball (NASDAQ_AGNCL) _ Seeking Alpha