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AG MORTGAGE INVESTMENT TRUST, INC. - MITT STOCK NEWS

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AG Mortgage Investment Trust, Inc. (symbol: MITT) is a publicly traded real estate investment trust (REIT) that specializes in investing in a diversified portfolio of residential mortgage-related assets in the U.S. mortgage market. The company's primary objective is to deliver attractive risk-adjusted returns to its stockholders over the long term via dividends and capital appreciation. MITT is notably involved in acquiring and managing residential mortgage-backed securities (RMBS) that are issued or guaranteed by government-sponsored enterprises.

AG Mortgage Investment Trust, Inc. has built a robust portfolio that benefits from the stability and predictability of the residential mortgage market. Its investments include a range of mortgage-backed securities that provide a balance between risk and return. By focusing on high-quality, government-backed securities, MITT ensures a level of security and reliability in its earnings, which is further enhanced by strategic asset diversification.

In recent years, the company has made significant strides in expanding its asset base and optimizing its investment strategies to adapt to market fluctuations. It maintains a disciplined investment approach to manage interest rate risk and credit risk effectively. This strategy has allowed MITT to sustain a steady flow of income and dividends to its shareholders, even amidst market volatility.

Moreover, AG Mortgage Investment Trust, Inc. collaborates with various financial institutions and partners to enhance its investment capabilities and market reach. These partnerships enable MITT to source high-quality assets and leverage expertise in mortgage investment management, thus creating value for its stockholders.

The company's financial strength is underscored by its solid balance sheet, prudent financial management, and commitment to transparency and corporate governance. AG Mortgage Investment Trust, Inc. remains dedicated to maximizing shareholder value by continuously seeking opportunities to refine its investment portfolio and improve operational efficiency.

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AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a second interim fourth quarter dividend of $0.05 per common share in connection with the previously announced Agreement and Plan of Merger with Western Asset Mortgage Capital Corporation. The dividend is payable on January 2, 2024, to stockholders of record as of November 30, 2023. This action follows the adjournment of the special meeting of WMC stockholders until December 5, 2023. The proposed Merger is expected to close on December 6, 2023. The joint proxy statement/prospectus relating to the Merger was declared effective by the SEC on September 29, 2023.
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MITT Reports Q3 2023 Financial Results, Declares Dividends, and Provides Arc Home Update
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AG Mortgage Investment Trust, Inc. (NYSE: MITT) Stockholders Approve Merger Agreement with Western Asset Mortgage Capital Corporation, Expected to Close in Q4 2023
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AG Mortgage Investment Trust, Inc. (MITT) will release its third quarter 2023 financial results on November 7, 2023, after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results. International callers can dial (785) 424-1789. A webcast of the call will be available on the company's website. An audio replay will be accessible on the website until December 7, 2023.
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AG Mortgage Investment Trust, Inc. (MITT) has declared an interim fourth quarter dividend of $0.08 per common share. The dividend is payable on November 8, 2023 to stockholders of record as of November 3, 2023. MITT expects to declare its remaining fourth quarter dividend in December 2023.
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AG Mortgage Investment Trust and Western Asset Mortgage Capital announce final exchange ratio for merger
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AG Mortgage Investment Trust and Western Asset Mortgage Capital Corporation announce final exchange ratio for merger
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AG Mortgage Investment Trust, Inc. declares dividend of $0.18 per share for Q3 2023.
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AG Mortgage Investment Trust (MITT) and Western Asset Mortgage Capital Corporation (WMC) have entered into a definitive merger agreement. MITT will acquire WMC in a fixed exchange ratio stock/cash transaction. The transaction values WMC at $11.23 per share, representing a 34% premium to WMC's unaffected closing stock price on July 12, 2023.
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FAQ

What is the current stock price of AG MORTGAGE INVESTMENT TRUST (MITT)?

The current stock price of AG MORTGAGE INVESTMENT TRUST (MITT) is $7.02 as of December 20, 2024.

What is the market cap of AG MORTGAGE INVESTMENT TRUST (MITT)?

The market cap of AG MORTGAGE INVESTMENT TRUST (MITT) is approximately 209.2M.

What is AG Mortgage Investment Trust, Inc. (MITT)?

AG Mortgage Investment Trust, Inc. is a publicly traded real estate investment trust (REIT) that focuses on investing in residential mortgage-related assets in the U.S. market.

What is the primary objective of AG Mortgage Investment Trust, Inc.?

The primary objective of AG Mortgage Investment Trust, Inc. is to provide attractive risk-adjusted returns to its stockholders over the long term through dividends and capital appreciation.

What types of assets does MITT invest in?

MITT invests in a diversified portfolio of residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises.

How does MITT manage risk in its investment portfolio?

MITT manages risk through a disciplined investment approach, focusing on high-quality, government-backed securities and employing strategies to mitigate interest rate and credit risk.

What recent achievements has MITT made?

MITT has expanded its asset base, optimized its investment strategies, and maintained a steady flow of income and dividends to shareholders amidst market fluctuations.

Who are MITT's partners?

MITT collaborates with various financial institutions and partners to source high-quality assets and leverage expertise in mortgage investment management.

What is the significance of MITT's financial strength?

MITT's financial strength is highlighted by a solid balance sheet, prudent financial management, and a commitment to transparency and corporate governance.

How does MITT improve operational efficiency?

MITT seeks to refine its investment portfolio and improve operational efficiency by continuously exploring new opportunities and optimizing current investment strategies.

What is the role of government-backed securities in MITT's portfolio?

Government-backed securities play a crucial role in ensuring the security and reliability of MITT's earnings, providing a stable foundation for its investment portfolio.

How does MITT benefit its stockholders?

MITT benefits its stockholders by delivering attractive risk-adjusted returns through dividends and capital appreciation, driven by strategic investments and effective risk management.

AG MORTGAGE INVESTMENT TRUST, INC.

NYSE:MITT

MITT Rankings

MITT Stock Data

209.22M
27.45M
6.53%
37.33%
1.64%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
NEW YORK