By written consent executed as of December 28, 2016, the Board of Directors (the “Board”) of MTGE Investment Corp. (the “Company”) set the number of directors who constitute the Board to four and appointed Julia L. Coronado to the Board, effective immediately. Ms. Coronado was elected to a term that continues until the Company’s 2017 annual meeting of stockholders and until her successor is duly elected and qualified, or until her earlier death, resignation or removal. Ms. Coronado was also elected to the Audit and the Compensation and Corporate Governance Committees.

Ms. Coronado, 48, currently serves as the Chief Economist for Graham Capital Management, an alternative investment firm. In her role at Graham Capital, Ms. Coronado is responsible for formulating the company’s global forecast for inflation and monetary and fiscal policy and also serves on the Investment and Risk Committees. Prior to joining Graham Capital, Ms. Coronado was Chief Economist, North America, and Managing Director at BNP Paribas from 2009 to 2014. From 2006 to 2009, she was a Senior U.S. Economist and Director at Barclays Capital, where she helped formulate the forecast for the U.S. economy and Fed policy. Earlier in her career, Ms. Coronado served as an Economist at the Federal Reserve Board of Governors. In addition to her work at Graham Capital, Ms. Coronado is currently a member of the New York Federal Reserve’s Treasury Market Practice Group and Economic Advisory Panel and also serves on the Brookings Economic Studies Council. Ms. Coronado holds a Ph.D. in Economics from the University of Texas at Austin and a B.S. in Economics from the University of Illinois at Urbana-Champaign.