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Granite Point Mortgage Trust Inc. Announces Patrick Halter and Lazar Nikolic Appointed to the Board of Directors

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Granite Point Mortgage Trust (NYSE: GPMT) has announced the appointment of two new independent directors to its Board: Patrick Halter and Lazar Nikolic, effective immediately. Halter will serve on the Compensation Committee, while Nikolic will join the Nominating and Corporate Governance Committee.

With these additions, GPMT's Board now consists of eight directors, with seven being independent. Board Chairman Stephen Kasnet highlighted Halter's experience in commercial real estate investment management and Nikolic's investment background in real estate asset classes, noting their potential contributions as the company navigates current market conditions and pursues growth opportunities.

Notably, Nikolic joins as a significant shareholder of the company, expressing confidence in the business's value and future opportunities. The appointments reflect GPMT's commitment to regular Board enhancement and refreshment to advance shareholder interests.

Granite Point Mortgage Trust (NYSE: GPMT) ha annunciato la nomina di due nuovi direttori indipendenti per il suo Consiglio: Patrick Halter e Lazar Nikolic, con effetto immediato. Halter farà parte del Comitato Compensi, mentre Nikolic si unirà al Comitato Nominazioni e Governance Aziendale.

Con queste aggiunte, il Consiglio di GPMT è ora composto da otto direttori, di cui sette indipendenti. Il Presidente del Consiglio Stephen Kasnet ha sottolineato l'esperienza di Halter nella gestione degli investimenti immobiliari commerciali e il background di investimento di Nikolic nelle classi di attivi immobiliari, nota le loro potenziali contribuzioni mentre l'azienda affronta le attuali condizioni di mercato e persegue opportunità di crescita.

È importante notare che Nikolic entra come azionista significativo dell'azienda, esprimendo fiducia nel valore del business e nelle opportunità future. Le nomine riflettono l'impegno di GPMT verso un regolare miglioramento e rinnovamento del Consiglio per avanzare gli interessi degli azionisti.

Granite Point Mortgage Trust (NYSE: GPMT) ha anunciado el nombramiento de dos nuevos directores independientes para su Junta Directiva: Patrick Halter y Lazar Nikolic, con efecto inmediato. Halter formará parte del Comité de Compensación, mientras que Nikolic se unirá al Comité de Nominaciones y Gobernanza Corporativa.

Con estas incorporaciones, la Junta de GPMT ahora consta de ocho directores, de los cuales siete son independientes. El Presidente de la Junta, Stephen Kasnet, destacó la experiencia de Halter en la gestión de inversiones en bienes raíces comerciales y el historial de inversión de Nikolic en clases de activos inmobiliarios, señalando sus contribuciones potenciales mientras la empresa navega por las condiciones actuales del mercado y busca oportunidades de crecimiento.

Cabe destacar que Nikolic se une como un accionista significativo de la empresa, expresando confianza en el valor del negocio y en las oportunidades futuras. Los nombramientos reflejan el compromiso de GPMT con la mejora regular y el refresco de la Junta para avanzar en los intereses de los accionistas.

Granite Point Mortgage Trust (NYSE: GPMT)가 이사회에 두 명의 새로운 독립 이사인 Patrick HalterLazar Nikolic를 즉시 임명했다고 발표했습니다. Halter는 보수위원회에서 활동하고, Nikolic는 선임 및 기업 거버넌스 위원회에 합류합니다.

이 추가로 GPMT의 이사회는 이제 총 8명의 이사로 구성되며, 그중 7명이 독립 이사입니다. 이사회 의장인 Stephen Kasnet는 Halter의 상업용 부동산 투자 관리 경험과 Nikolic의 부동산 자산 클래스 투자 배경을 강조하며, 회사가 현재의 시장 상황을 헤쳐 나가고 성장 기회를 추구할 때 그들의 잠재적인 기여를 언급했습니다.

특히, Nikolic는 회사의 중요한 주주로 합류하여 사업 가치와 미래 기회에 대한 신뢰를 표현했습니다. 이번 임명은 주주 이익 증진을 위한 GPMT의 지속적인 이사회 개선 및 갱신에 대한 의지를 반영합니다.

Granite Point Mortgage Trust (NYSE: GPMT) a annoncé la nomination de deux nouveaux administrateurs indépendants à son Conseil d'Administration : Patrick Halter et Lazar Nikolic, avec effet immédiat. Halter siégera au Comité de Rémunération, tandis que Nikolic rejoindra le Comité des Nominations et de la Gouvernance d'Entreprise.

Avec ces ajouts, le Conseil de GPMT se compose désormais de huit administrateurs, dont sept sont indépendants. Le Président du Conseil, Stephen Kasnet, a souligné l'expérience de Halter dans la gestion des investissements immobiliers commerciaux et les antécédents d'investissement de Nikolic dans les classes d'actifs immobiliers, notant leurs contributions potentielles alors que l'entreprise navigue dans les conditions actuelles du marché et recherche des opportunités de croissance.

Il est à noter que Nikolic rejoint en tant qu'actionnaire significatif de l'entreprise, exprimant sa confiance dans la valeur de l'entreprise et les opportunités futures. Les nominations reflètent l'engagement de GPMT à améliorer et à renouveler régulièrement le Conseil d'Administration pour faire progresser les intérêts des actionnaires.

Granite Point Mortgage Trust (NYSE: GPMT) hat die Ernennung von zwei neuen unabhängigen Direktoren für seinen Vorstand bekannt gegeben: Patrick Halter und Lazar Nikolic, die sofort wirksam werden. Halter wird im Vergütungsausschuss tätig sein, während Nikolic dem Nominierungs- und Corporate-Governance-Ausschuss beitritt.

Mit diesen Ergänzungen besteht der Vorstand von GPMT nun aus acht Direktoren, von denen sieben unabhängig sind. Der Vorstandsvorsitzende Stephen Kasnet hob Halters Erfahrung im Management von Investitionen in Gewerbeimmobilien und Nikolics Investmenthintergrund in Immobilienanlageklassen hervor und wies auf deren potenziellen Beiträge hin, während das Unternehmen die aktuellen Marktbedingungen bewältigt und Wachstumschancen verfolgt.

Besonders bemerkenswert ist, dass Nikolic als bedeutender Aktionär des Unternehmens beitritt und Vertrauen in den Wert des Geschäfts und zukünftige Chancen äußert. Die Ernennungen spiegeln das Engagement von GPMT für eine regelmäßige Verbesserung und Erneuerung des Vorstands wider, um die Interessen der Aktionäre voranzutreiben.

Positive
  • Addition of two experienced independent directors strengthening board oversight
  • High ratio of independent directors (7 out of 8)
  • Addition of significant shareholder perspective to the board through Nikolic's appointment
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company”) today announced that Patrick Halter and Lazar Nikolic have been appointed to the Company’s Board of Directors, effective immediately. Mr. Halter will serve on the Compensation Committee and Mr. Nikolic will serve on the Nominating and Corporate Governance Committee. With the additions of Mr. Halter and Mr. Nikolic, the Granite Point Board now comprises eight directors, seven of whom are independent.

“We are pleased to welcome two new highly qualified independent directors to the Granite Point Board,” said Stephen Kasnet, Chairman of the Granite Point Board of Directors. “Pat’s experience building and growing a preeminent commercial real estate investment management business will be tremendously valuable to the Board, as will Lazar’s investment background in various real estate asset classes and his perspective as a large shareholder. These appointments reflect our commitment to regularly enhancing and refreshing the Board to ensure it is best positioned to advance our shareholders’ interests. We look forward to benefiting from the new directors’ insights as Granite Point navigates the current environment and pursues opportunities to drive profitable growth and shareholder value creation.”

“I have known and admired Granite Point’s CEO, Jack Taylor, for decades. I’m excited to join the Board and help the Company build on its resilient business model and momentum to capture growth opportunities as the market recovers,” said Mr. Halter.

“As one of Granite Point’s significant shareholders, I believe in the value of the business and am confident in the opportunities ahead,” said Mr. Nikolic. “I appreciate the Board’s constructive engagement with shareholders and am eager to work with my fellow board members in furthering shareholder value.”

About Patrick Halter

Patrick Halter is a veteran real estate investment leader who spent more than four decades in various leadership positions with Principal Financial Group, most recently serving, from 2018 to 2024, as President and CEO of Principal Asset Management, its global investment management business, then managing over $650 billion in assets. In that role, he was responsible for overseeing globally the firm’s operations, and its investment and distribution teams. Halter was previously Chief Operating Officer of Principal Global Investors and served on the Board of Principal’s fourteen investment teams. He also served on the Principal Mutual Fund Board and held board responsibilities with various international ventures. Prior to that, Halter was the Chief Executive Officer and Senior Executive Director of Principal Real Estate Investors from 2003 to 2016, where, under his leadership, he and his team built it to a top 10 global real estate manager.

About Lazar Nikolic

Lazar Nikolic is a seasoned real estate investment expert with over two decades of industry experience. Mr. Nikolic co-founded JPL Advisors in 2016 and serves as a Managing Member overseeing the firm’s portfolio management, investment analysis and risk management with a focus in mortgage REITs, equity REITs, closed end funds business development companies, specialty finance companies and special situations. Prior to founding JPL, Mr. Nikolic was a portfolio manager at Adler & Co from 2009 to 2015.

About Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc. is a Maryland corporation focused on directly originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Granite Point is headquartered in New York, NY. Additional information is available at www.gpmtreit.com.

Forward-Looking Statements

This press release contains, or incorporates by reference, not only historical information, but also forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, projections and illustrations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as “anticipate,” “estimate,” “will,” “should,” “expect,” “target,” “believe,” “outlook,” “potential,” “continue,” “intend,” “seek,” “plan,” “goals,” “future,” “likely,” “may” and similar expressions or their negative forms, or by references to strategy, plans or intentions. The illustrative examples herein are forward-looking statements. By their nature, forward-looking statements speak only as of the date they are made, are not statements of historical facts or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Our expectations, beliefs and estimates are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and estimates will prove to be correct or be achieved, and actual results may vary materially from what is expressed in or indicated by the forward-looking statements.

These forward-looking statements are subject to risks and uncertainties, including, among other things, those described in our Annual Report on Form 10-K for the year ended December 31, 2023, under the caption “Risk Factors,” and any subsequent Form 10-Q or other filings made with the SEC. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

This press release is for informational purposes only and shall not constitute, or form a part of, an offer to sell or buy or the solicitation of an offer to sell or the solicitation of an offer to buy any securities.

Investors: Chris Petta Investor Relations, Granite Point Mortgage Trust Inc., (212) 364-5500, investors@gpmtreit.com.

Source: Granite Point Mortgage Trust Inc.

FAQ

Who are the new board members appointed to Granite Point Mortgage Trust (GPMT)?

Patrick Halter and Lazar Nikolic have been appointed as new independent directors to GPMT's Board, effective immediately.

What committees will the new GPMT board members serve on?

Patrick Halter will serve on the Compensation Committee, while Lazar Nikolic will serve on the Nominating and Corporate Governance Committee.

How many independent directors does GPMT now have on its board?

With the new appointments, GPMT's board now comprises eight directors, seven of whom are independent.

What experience does Patrick Halter bring to GPMT's board?

Patrick Halter brings experience in building and growing a preeminent commercial real estate investment management business.

What is Lazar Nikolic's relationship with GPMT?

Lazar Nikolic is a significant shareholder of GPMT and brings investment background in various real estate asset classes.

Granite Point Mortgage Trust Inc.

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