AG Mortgage Investment Trust, Inc. Announces Preferred Dividends Payable on June 17, 2021

Rhea-AI Summary

AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced the declaration of second quarter 2021 preferred stock dividends. The Board declared a cash dividend of $0.51563 per share for its 8.25% Series A Cumulative Redeemable Preferred Stock, $0.50 for its 8.00% Series B Cumulative Redeemable Preferred Stock, and $0.50 for its 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. These dividends are payable on June 17, 2021 to shareholders on record as of May 28, 2021.

Positive

• Continued dividend payments demonstrate financial stability.
• High dividend yields of 8.25% for Series A and 8.00% for Series B enhance shareholder value.

Negative

• None.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that its Board of Directors (the “Board”) has declared second quarter 2021 preferred stock dividends.

In accordance with the terms of its 8.25% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), the Board declared a quarterly cash dividend of $0.51563 per share on its Series A Preferred Stock.

In accordance with the terms of its 8.00% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”), the Board declared a quarterly cash dividend of $0.50 per share on its Series B Preferred Stock.

In accordance with the terms of its 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”), the Board declared a quarterly cash dividend of $0.50 per share on its Series C Preferred Stock.

Dividends for the Series A Preferred Stock, the Series B Preferred Stock, and the Series C Preferred Stock are payable on June 17, 2021 to preferred shareholders of record on May 28, 2021.

About AG Mortgage Investment Trust, Inc.

AG Mortgage Investment Trust, Inc. is a hybrid mortgage REIT that opportunistically invests in a diversified risk-adjusted portfolio of Credit Investments and Agency RMBS. The Company’s Credit Investments include Residential Investments and Commercial Investments. 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

Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988. The firm currently manages approximately $43 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 550 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/20210517005120/en/

FAQ

What are the dividend amounts for AG Mortgage Investment Trust (MITT) in Q2 2021?

The declared dividends are $0.51563 for Series A, $0.50 for Series B, and $0.50 for Series C.

When will the dividends for MITT be paid in 2021?

Dividends will be paid on June 17, 2021.

What is the record date for the MITT dividend payments?

The record date for preferred shareholders is May 28, 2021.

What types of preferred stock does AG Mortgage Investment Trust issue?

AG Mortgage Investment Trust issues Series A, Series B, and Series C preferred stocks.

How does AG Mortgage Investment Trust generate income for shareholders?

AG Mortgage Investment Trust invests in credit investments and Agency RMBS, allowing for dividend distributions.