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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.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a $0.21 dividend per common share for the fourth quarter of 2021. This dividend is payable on January 31, 2022, to shareholders on record as of December 31, 2021. The company focuses on investing in a diversified portfolio of residential investments and Agency RMBS, and is externally managed by AG REIT Management, LLC, a subsidiary of Angelo Gordon & Co., which manages approximately $48 billion in assets.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has announced a public offering of 7,000,000 shares at $10.25 per share, generating gross proceeds of approximately $71.8 million. The offering includes a 30-day option for underwriters to purchase an additional 1,050,000 shares. The proceeds will primarily fund the acquisition of four non-agency residential mortgage loan pools valued at $530.7 million. Key participants like AG REIT Management, LLC will purchase 700,000 shares, and CEO David N. Roberts will acquire 200,000 shares.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has launched a public offering of 7 million shares, with an option for underwriters to buy an additional 1.05 million shares. The Manager will purchase 700,000 shares, while CEO David N. Roberts will acquire 200,000 shares. The offering aims to raise approximately $50.6 million to acquire four non-agency residential mortgage loan pools worth around $530.7 million. The offering is underpinned by the Company's effective shelf registration statement with the SEC.
AG Mortgage Investment Trust (MITT) reported a strong Q3 2021 with a 12% increase in adjusted book value per share, now at $16.45. The company's investment portfolio rose to $2.2 billion, up from $2.0 billion in Q2. Notably, the quarterly economic return reached 13.2%, a significant rise from 4.6% previously. The liquidity position improved to $143.6 million, highlighting effective management post-exit from legacy commercial investments. The company also declared a $0.21 dividend and showed strong performance in non-agency loan purchases.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its third quarter 2021 financial results on November 5, 2021, before market opening. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. Eastern Time. Participants can dial 1 (888) 424-8151 or for international calls, 1 (847) 585-4422. An audio replay will be accessible from November 6 to December 5, 2021. AG Mortgage focuses on a diversified portfolio of Residential Investments and Agency RMBS, managed by AG REIT Management, LLC.
AG Mortgage Investment Trust (NYSE: MITT) announced the full repayment of its last commercial loan, generating
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a dividend of $0.21 per common share for Q3 2021. The dividend will be payable on October 29, 2021 to shareholders on record as of September 30, 2021. The company focuses on diversified investments in Credit Investments and Agency RMBS, managed by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., which manages approximately $44 billion in assets. For more information, visit www.agmit.com.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced that it has fully repaid Commercial Loan K, resulting in net proceeds of
AG Mortgage Investment Trust, Inc. (MITT) reported its Q2 2021 financial results, showcasing a 3% increase in Adjusted Book Value to $14.72 per share. Key highlights include a $2.0 billion investment portfolio and a 4.6% economic return. The company purchased $446 million in Non-QM loans and maintained a 2.2x economic leverage ratio. Total liquidity rose to $70.8 million. However, net income fell sharply to $0.70 per share, down from $2.74 in the previous quarter.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its second quarter 2021 financial results on July 30, 2021, before market open. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. Eastern Time. Participants can join the call by dialing 1 (888) 424-8151 or 1 (847) 585-4422 for international calls, using passcode 7868 403. An audio replay will be available from July 31 through August 29, 2021. The Company invests in a diversified portfolio of Credit Investments and Agency RMBS.
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