Welcome to our dedicated page for AG Mortgage Invt news (Ticker: MITT), a resource for investors and traders seeking the latest updates and insights on AG Mortgage Invt stock.
AG Mortgage Investment Trust Inc (MITT) is a New York-based REIT specializing in residential mortgage-backed securities. This dedicated news hub provides investors with essential updates on corporate developments, financial disclosures, and market trends impacting MITT's portfolio strategy.
Access verified press releases and analysis covering dividend announcements, asset acquisitions, and regulatory compliance matters. Our curated news selection helps stakeholders monitor MITT's risk management practices and responses to U.S. housing market dynamics.
Key content includes earnings call transcripts, SEC filings, and executive commentary on RMBS valuation trends. Bookmark this page for real-time updates on MITT's operational milestones and strategic positioning within the mortgage REIT sector.
AG Mortgage Investment Trust (MITT) has closed a public offering of $65 million in senior notes, due 2029, with an interest rate of 9.500%. The notes are expected to start trading on the NYSE under the symbol 'MITP' on May 20, 2024. This follows a $34.5 million bond offering in January, addressing the maturity of legacy WMC convertible notes due in September. CEO TJ Durkin emphasized the company's focus on proving the sustainability of their portfolio's earnings while optimizing capital structure. The offering was managed by several major financial firms and executed under an effective shelf registration statement with the SEC.
AG Mortgage Investment Trust, Inc. announced the pricing of a $65 million public offering of 9.500% senior notes due 2029. The Notes have received an investment grade rating of BBB- from Egan-Jones Ratings Company. The Company plans to use the net proceeds for general corporate purposes, including acquisition of Residential Investments and Agency RMBS.
AG Mortgage Investment Trust, Inc. reported its financial results for the first quarter of 2024, showing positive growth in book value, adjusted book value, and economic return on equity. The company highlighted the benefits of the acquisition of WMC and its focus on residential mortgage REIT. MITT also shared investment, financing, and capital market highlights, including strategic sales, financing details, and liquidity. The company announced dividends for preferred stock and common stockholders. Management expressed confidence in delivering strong earnings and enhancing scale and efficiencies.
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