AG Mortgage Investment Trust, Inc.Announces Public Offering Price of Common Shares

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NEW YORK – (BUSINESS WIRE) – AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) today announced that it has priced a takeover bid of 7 000,000 common shares at $ 10.25 per share, for gross proceeds of $ 71.8 million before the deduction of sales rebates and commissions and other estimated offering costs payable by the Company. The Company has granted the underwriters a 30 day option to purchase up to 1,050,000 additional shares. The offer is scheduled to close on November 22, 2021.

AG REIT Management, LLC (the “Manager”), the external manager of the Company, will purchase 700,000 shares under the offer. In addition, David N. Roberts, Chairman and Chief Executive Officer of the Company, will purchase 200,000 shares under the offer. The shares purchased by the Manager and Mr. Roberts will be at the public offering price and will not be subject to any discount or bought deal commission.

The Company plans to use $ 50.6 million of the net proceeds of the offering, together with borrowings under the Company’s financing agreements, to acquire four new groups of non-agency residential mortgage loans ( the “Additional Acquisition Pipeline”), totaling $ 530.7 million. the outstanding principal balance, and the remainder to acquire other target assets, with an emphasis primarily on residential mortgages not granted by an agency, subject to its investment guidelines, and to the extent consistent with the maintaining its qualification as a REIT and its exemption from registration under the Investment Company Law, and for other general corporate purposes.

Credit Suisse, JMP Securities, Wells Fargo Securities and Keefe, Bruyette & Woods, A Stifel company act as co-book managers for the offer. JonesTrading acts as co-manager of the offer.

The Offer will be made in accordance with the Company’s currently valid registration statement filed with the Securities and Exchange Commission (the “SEC”).

These securities may only be offered by way of a prospectus and a related prospectus supplement, copies of which can be obtained, when available, by contacting: Credit Suisse Securities (USA) LLC , Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, USA, tel. : 1-800-221-1037 or e-mail: [email protected]; JMP Securities LLC, Attention: Prospectus Department, 600 Montgomery Street, 10th Floor, San Francisco, CA 94111, tel: (415) 835-8985; Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 30 Hudson Yards, 500 West 33rd Street – 14th Floor, New York, NY 10001, tel. : 1-833-690-2713 or e-mail: [email protected]; or Keefe, Bruyette & Woods, A Stifel company, 787 Seventh Avenue, Fourth Floor, New York, NY 10019, tel. : 1-800-966-1559 or e-mail: [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal before registration or qualification under the securities laws of such state or jurisdiction.

About AG Mortgage Investment Trust, Inc.

AG Mortgage Investment Trust, Inc. is a mortgage REIT that invests opportunistically in a diversified risk-adjusted portfolio of residential investments and agency RMBS. AG Mortgage Investment Trust, Inc. is managed and externally advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., LP, a leading private alternative investment firm specializing in credit strategies and real estate.

About Angelo, Gordon & Co., LP

Angelo, Gordon & Co., LP (“Angelo Gordon”) is a private limited partnership founded in November 1988. The company currently manages approximately $ 48 billion with a primary focus on credit and real estate strategies. Angelo Gordon has more than 550 employees, including more than 200 investment professionals, and is headquartered in New York City, with associated offices elsewhere in the United States, Europe and Asia.

Contact

For further information or questions please email [email protected]

Forward-looking statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by using words such as “outlook”, “indicator”, “belief”, “expects”, “potential”, “continuing”, “could”, “will”, ” should, “” seek “,” approximately “,” predict “,” intend “,” plan “,” estimate “,” anticipate “or the negative version of these or other comparable words. These forward-looking statements include, without limitation, statements regarding the offer and intended use of the product. These forward-looking statements are subject to various risks and uncertainties. Therefore, there are or will be significant factors that could cause actual results to differ materially from those shown in such statements. The Company believes that these factors include, but are not limited to, that there can be no assurance that the Company will complete the acquisition of the additional acquisition pipeline or any other potential investment on the terms contemplated, or at all. , as well as the risk factors contained in the Company’s filings with the SEC, including those described in Part I – Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2020, as these factors may be updated from time to time in our periodic filings with the SEC. Copies are available for free on the SEC website, http://www.sec.gov/. All forward-looking statements contained in this press release speak only as of the date of this press release. The Company assumes no obligation to update any forward-looking statements to reflect any change in our expectations or any change in the events, conditions or circumstances upon which such statement is based.

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Source: AG Mortgage Investment Trust, Inc.


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