AG Mortgage Investment Trust, Inc. Announces First Quarter 2023 Common Dividend of $0.18 per Share

Rhea-AI Summary

AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a dividend of $0.18 per common share for Q1 2023. This dividend will be paid on April 28, 2023, to shareholders on record as of March 31, 2023. The company operates as a residential mortgage REIT, focusing on a diversified portfolio of mortgage-related assets in the U.S. mortgage market. AG Mortgage is externally managed by AG REIT Management, a subsidiary of Angelo, Gordon & Co., which manages approximately $53 billion in assets.

Positive

• Declared a dividend of $0.18 per share, enhancing shareholder income.
• Company is externally managed by a reputable firm managing $53 billion.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.18 per common share for the first quarter 2023. The dividend is payable on April 28, 2023 to shareholders of record at the close of business on March 31, 2023.

About AG Mortgage Investment Trust, Inc.

AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., a leading privately-held alternative investment firm focusing on credit and real estate strategies.

Additional information can be found on the Company’s website at www.agmit.com.

About Angelo, Gordon & Co., L.P.

Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately-held alternative investment firm founded in November 1988. The firm currently manages approximately $53 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 650 employees, including more than 200 investment professionals, and is headquartered in New York, with associated offices elsewhere in the U.S., Europe and Asia. For more information, visit www.angelogordon.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230315005738/en/

AG Mortgage Investment Trust, Inc.

Investor Relations

(212) 692-2110

ir@agmit.com

Source: AG Mortgage Investment Trust, Inc.

FAQ

What is the dividend amount for MITT in Q1 2023?

The dividend amount for MITT in Q1 2023 is $0.18 per common share.

When is the dividend for MITT payable?

The dividend for MITT is payable on April 28, 2023.

What is the record date for MITT's dividend?

The record date for MITT's dividend is March 31, 2023.

Who manages AG Mortgage Investment Trust?

AG Mortgage Investment Trust is externally managed and advised by AG REIT Management, a subsidiary of Angelo, Gordon & Co.