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AG Mortgage Investment Trust, Inc. (NYSE: MITT) declares a dividend of $0.05 per common share, payable on January 31, 2024, to shareholders of record on December 29, 2023. This dividend represents the remaining portion of the regular fourth quarter 2023 dividend of $0.18 per common share, with interim dividends of $0.08 and $0.05 previously declared and paid. The dividends were made pursuant to the terms of the Agreement and Plan of Merger between the Company, Western Asset Mortgage Capital Corporation, and AG REIT Management, LLC.
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NEW YORK--(BUSINESS WIRE)--
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced that its Board of Directors has declared a dividend of $0.05 per common share. The dividend is payable on January 31, 2024 to shareholders of record at the close of business on December 29, 2023.
The $0.05 per common share dividend represents the remaining portion of the Company’s regular fourth quarter 2023 dividend of $0.18 per common share. As previously announced, the Company declared interim fourth quarter 2023 dividends of (1) $0.08 per common share on October 24, 2023, which was paid on November 8, 2023 to common shareholders of record as of November 3, 2023, and (2) $0.05 per common share on November 20, 2023, which is payable on January 2, 2024 to common shareholders of record as of November 30, 2023. The interim fourth quarter dividends were made pursuant to the terms of the Agreement and Plan of Merger between the Company, Western Asset Mortgage Capital Corporation and, solely for the limited purposes set forth in the Merger Agreement, AG REIT Management, LLC.
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 diversified credit and real estate investing platform within TPG.
Additional information can be found on the Company’s website at www.agmit.com.
About TPG Angelo Gordon
Founded in 1988, Angelo, Gordon & Co., L.P. (“TPG Angelo Gordon”) is a diversified credit and real estate investing platform within TPG. The platform currently manages approximately $76 billion* across a broad range of credit and real estate strategies. TPG Angelo Gordon has over 700 employees, including more than 230 investment professionals, across offices in the U.S., Europe and Asia. For more information, visit www.angelogordon.com.
*TPG Angelo Gordon’s currently stated assets under management (“AUM”) of approximately $76 billion as of September 30, 2023 reflects fund-level asset-related leverage. Prior to May 15, 2023, TPG Angelo Gordon calculated its AUM as net assets under management excluding leverage, which resulted in TPG Angelo Gordon AUM of approximately $53 billion as of December 31, 2022. The difference reflects a change in the TPG Angelo Gordon’s AUM calculation methodology and not any material change to TPG Angelo Gordon’s investment advisory business. For a description of the factors TPG Angelo Gordon considers when calculating AUM, please see the disclosure linked here.
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 declared by AG Mortgage Investment Trust, Inc. (MITT)?
The company declared a dividend of $0.05 per common share.
When is the dividend payable to shareholders of AG Mortgage Investment Trust, Inc. (MITT)?
The dividend is payable on January 31, 2024.
What is the record date for shareholders to receive the dividend from AG Mortgage Investment Trust, Inc. (MITT)?
Shareholders of record at the close of business on December 29, 2023, are eligible to receive the dividend.
What is the context of the dividend in relation to the regular fourth quarter 2023 dividend of AG Mortgage Investment Trust, Inc. (MITT)?
The $0.05 per common share dividend represents the remaining portion of the regular fourth quarter 2023 dividend of $0.18 per common share, with interim dividends of $0.08 and $0.05 previously declared and paid.
What is the background of the dividends declared by AG Mortgage Investment Trust, Inc. (MITT)?
The dividends were made pursuant to the terms of the Agreement and Plan of Merger between the Company, Western Asset Mortgage Capital Corporation, and AG REIT Management, LLC.
