Credit Facility Refinancing, Earnings Release, Quarterly Dividends, and Acquisition Proposals - Research Report on American Capital, Two Harbors, Plum Creek, MAA, and BRE

NEW YORK, August 9, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Investors' Reports announced new research reports highlighting American Capital Agency Corp. (NASDAQ: AGNC), Two Harbors Investment Corp. (NYSE: TWO), Plum Creek Timber Co. Inc. (NYSE: PCL), Mid-America Apartment Communities Inc. (NYSE: MAA), and BRE Properties Inc. (NYSE: BRE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

American Capital Agency Corp. Research Report

On July 31, 2013, American Capital Agency Corp.'s (ACAC) parent company, American Capital, Ltd (ACL) announced that it will launch a refinancing of its $600 million senior secured credit facility. ACL reported that the proposed refinancing is expected to include changes to the pricing terms of the existing credit facility to reflect more favorable current market pricing, a six month extension of the call protection period for lenders from the effective date and also amendments to certain covenants. The Company further reported that J.P. Morgan Securities LLC will be the joint lead arranger and the joint bookrunner on the transaction. The Full Research Report on American Capital Agency Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-06/AGNC]

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Two Harbors Investment Corp. Research Report

On August 6, 2013, Two Harbors Investment Corp. (Two Harbors) released its Q2 2013 financial results. The Company's total assets were up 16.8% YoY to $19.6 billion, and total liabilities were up 18.3% YoY to $15.8 billion on June 30, 2013. Total interest income was up 37.2% YoY to $145.3 million, and net interest income was up 32.9% YoY to $120.6 million, in Q2 2013. Net income attributable to common stockholders was $388.6 million or $1.06 per diluted share, in Q2 2013, compared to $24.0 million or $0.11 per diluted share, in Q2 2012. Commenting on the results, Thomas Siering, President and CEO of Two Harbors, said, "We are pleased with the portfolio repositioning that we completed in an effort to protect our book value. For the first six months of 2013, we have generated $102 million in comprehensive income, a return on average equity of 5.2%, which we believe is remarkable given conditions in the sector." The Full Research Report on Two Harbors Investment Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-06/TWO]

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Plum Creek Timber Co. Inc. Research Report

On August 6, 2013, Plum Creek Timber Co. Inc. (Plum Creek) announced that its Board of Directors has declared a quarterly dividend of $0.44 per share, payable on August 30, 2013, to shareholders of record as of August 16, 2013. The Company further stated that the dividend is expected to be characterized as long-term capital gain income, primarily because the income from the sale of the Company's timber is considered long-term capital gain. According to Plum Creek, the dividend is likely to be taxed at a maximum capital gain rate of 20% for most U.S. taxpayers. The Full Research Report on Plum Creek Timber Co. Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-06/PCL]

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Mid-America Apartment Communities Inc. Research Report

On July 31, 2013, Mid-America Apartment Communities Inc. (MAA) released its Q2 2013 financial results. The Company's property revenues were up 12.8% YoY to $134.0 million. Income from continuing operations was up 11.7% YoY to $17.0 million. Net income attributable to common shareholders was $59.1 million or $1.37 per diluted share, in Q2 2013, compared to $28.2 million, or $0.69 per diluted share, in Q2 2012. Eric Bolton, Chairman and CEO of MAA, stated, "The leasing environment across our markets continues to support solid rent growth and strong occupancy. Steady employment growth and favorable trends driving higher demand for apartment housing across our Sunbelt region supports an outlook for continued solid rent growth despite the uptick in new apartment deliveries." The Full Research Report on Mid-America Apartment Communities Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-06/MAA]

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BRE Properties Inc. Research Report

On July 31, 2013, BRE Properties Inc. (BRE) confirmed that its Board of Directors has received a letter from Land and Buildings (L&B), in which the investment fund has expressed its interest to acquire the Company. BRE reported that it had requested L&B to furnish information about its capital sources in mid-June 2013, when L&B had informally communicated its acquisition interest. Though BRE is yet to receive any response from L&B in this regard, the Company is of the opinion that the proposal from L&B does not reflect a viable opportunity, as the latter lacks capital capacity and demonstrated transaction experience to execute an acquisition of BRE. The Full Research Report on BRE Properties Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-06/BRE]

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