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AG Mortgage Investment Trust, Inc. announced the pricing of a $65 million public offering of 9.500% senior notes due 2029. The Notes have received an investment grade rating of BBB- from Egan-Jones Ratings Company. The Company plans to use the net proceeds for general corporate purposes, including acquisition of Residential Investments and Agency RMBS.
AG Mortgage Investment Trust, Inc. reported its financial results for the first quarter of 2024, showing positive growth in book value, adjusted book value, and economic return on equity. The company highlighted the benefits of the acquisition of WMC and its focus on residential mortgage REIT. MITT also shared investment, financing, and capital market highlights, including strategic sales, financing details, and liquidity. The company announced dividends for preferred stock and common stockholders. Management expressed confidence in delivering strong earnings and enhancing scale and efficiencies.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) schedules the release of its first quarter 2024 financial results on May 3, 2024, followed by a conference call to discuss the results. Investors can participate in the call by dialing the provided numbers or accessing the live webcast. An audio replay will also be available for those unable to listen to the call.