Angel Oak Mortgage, Inc. Announces Name Change to Angel Oak Mortgage REIT, Inc.

Rhea-AI Summary

Angel Oak Mortgage, Inc. (NYSE: AOMR) announced a name change to Angel Oak Mortgage REIT, Inc., effective on or about March 10, 2023. Despite the name change, the Company retains its current website, CUSIP, and NYSE ticker symbol. Angel Oak focuses on acquiring first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, aiming to deliver attractive risk-adjusted returns through cash distributions and capital appreciation across various market conditions. The Company is externally managed by an affiliate of Angel Oak Capital Advisors, a leading alternative credit manager.

Positive

• The name change to Angel Oak Mortgage REIT, Inc. may clarify the Company's focus on real estate investment trusts, potentially attracting new investors.
• Retention of the NYSE ticker symbol and CUSIP facilitates continuity for existing shareholders.

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- Angel Oak Mortgage, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), today announced plans to change its name to Angel Oak Mortgage REIT, Inc.

The name change will take effect on or about March 10, 2023. The Company’s website, CUSIP, and New York Stock Exchange ticker symbol will remain unchanged.

About the Company

The Company is a real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. The Company’s objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. The Company is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC, which, collectively with its affiliates, is a leading alternative credit manager with a vertically integrated mortgage origination platform. Additional information about the Company is available at www.angeloakreit.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230301006135/en/

Investors:

investorrelations@angeloakreit.com

855-502-3920

Media:

Bernardo Soriano, Gregory FCA for Angel Oak Mortgage, Inc.

914-656-3880

bernardo@gregoryfca.com

Company:

Randy Chrisman, Chief Marketing & Corporate Investor Relations Officer, Angel Oak Capital Advisors

404-953-4969

randy.chrisman@angeloakcapital.com

Source: Angel Oak Mortgage REIT, Inc.

FAQ

What is the new name of Angel Oak Mortgage, Inc.?

Angel Oak Mortgage, Inc. is changing its name to Angel Oak Mortgage REIT, Inc.

When will the name change for NYSE:AOMR take effect?

The name change will take effect on or about March 10, 2023.

Will the ticker symbol for Angel Oak Mortgage change?

No, the ticker symbol AOMR will remain unchanged.

What is the focus of Angel Oak Mortgage REIT, Inc.?

The Company focuses on acquiring first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market.

Who manages Angel Oak Mortgage REIT, Inc.?

The Company is externally managed and advised by an affiliate of Angel Oak Capital Advisors.