Angel Oak Mortgage REIT, Inc. - AOMR STOCK NEWS

Angel Oak Mortgage REIT (AOMR) will release its first quarter 2023 financial results on May 4, 2023, before the market opens. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day, where investors can participate by calling 1-844-826-3033 domestically or 1-412-317-5185 internationally. The call will also be available via a live webcast on the company's website, where playback will be accessible until May 18, 2023. Angel Oak Mortgage REIT focuses on investing in first lien non-agency loans to generate attractive returns for shareholders.

Angel Oak Mortgage, Inc. (NYSE: AOMR) reported Q4 and full-year 2022 financial results, highlighting a GAAP net loss of $8.8 million ($0.36/share) for Q4, and a total net loss of $187.8 million ($7.65/share) for the full year. Distributable earnings were $(61.5) million for Q4 and $19.4 million for the year. The dividend declared is $0.32 per share, payable on March 31, 2023. The company successfully reduced its whole loan warehouse debt by 51% and marked a significant portfolio growth of 28% since 2021. It managed to convert $286 million of debt to non-mark-to-market financing and is focusing on strategic loan purchases and securitizations in 2023.

Angel Oak Mortgage (NYSE: AOMR) has announced its tax information regarding 2022 dividend distributions. The company distributed a total of $1.67 per share to shareholders throughout the year. The dividends were classified into several categories, with ordinary income accounting for $0.45 per share in three distributions and $0.32 for the fourth distribution. Shareholders are advised to consult their tax advisors for personal tax implications.

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.

Angel Oak Mortgage, Inc. (NYSE: AOMR) will announce its financial results for the fourth quarter and full year 2022 before market open on March 9, 2023. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day, with a live webcast available on the company's website. Interested parties can join the call by dialing a designated number at least 15 minutes prior to the start. The company primarily focuses on acquiring first lien non-agency loans and mortgage-related assets, aiming to provide attractive risk-adjusted returns through distributions and appreciation.

Angel Oak Mortgage Inc. (NYSE: AOMR) has announced its participation in the AOMT 2023-1 securitization, valued at approximately $580.5 million. AOMR contributed $241.3 million in loans, improving liquidity and reducing its whole loan warehouse debt by about 51%. This securitization signals the company's strategy to reposition its portfolio while retaining a share of the economic benefits. The securitization consists of 1,073 loans with an average credit score of 736 and a loan-to-value ratio of 71.1%. AOMR aims to return to the securitization market, focusing on higher-yielding loan investments.