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AG Mortgage Investment Trust, Inc.Announces Final Results of Preferred Share Exchange Offer



NEW YORK–(BUSINESS WIRE) – AG Mortgage Investment Trust, Inc. (NYSE: MITT) (GLOVE or the Company) today announced the final results of its previously announced offering (the Exchange offer) to exchange up to 6,818,350 newly issued shares of the company’s common stock, with a par value of $ 0.01 (the Ordinary actions) for a maximum of 250,470 shares of its 8.25% cumulative redeemable preferred shares, Series A, par value $ 0.01 per share (CUSIP: 001228204) (on Preferred Series A), up to 556,600 shares of its 8.00% cumulative redeemable preferred shares Series B, par value $ 0.01 per share (CUSIP: 001228303) (on Favorite B Series), and up to 556,600 shares of its 8,000% Series C cumulative redeemable fixed rate preferred shares, par value $ 0.01 per share (CUSIP: 001228402) (on Favorite C Series).

The exchange offer expired at 11:59 p.m. New York time on September 11, 2020. According to the final tally provided by the exchange agent, American Stock Transfer & Trust Company, LLC, a total of 42,820 Preferred Shares Series A, 31,085 Preferred Series B and 29,355 Preferred Series C were validly deposited and were not duly withdrawn prior to the expiration of the exchange offer. The Company has accepted all of these 103,260 validly deposited shares and is issuing in exchange a total of 516,300 ordinary shares on the basis of the registration exemption provided for in section 3 (a) (9) of the Securities Act of 1933, as amended. Following the settlement, which is expected to be completed on September 15, 2020, the Company will have 34,750,901 common shares outstanding, 2,027,180 Series A preferred shares, 4,568,915 Series B preferred shares and 4,570,645 Series C preferred shares. .


AG Mortgage Investment Trust, Inc. is a hybrid mortgage REIT that opportunistically invests and manages a diversified portfolio of risk-adjusted residential and commercial investments. AG Mortgage Investment Trust, Inc. is managed and externally advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., LP, an SEC registered investment advisor specializing in investment activities alternatives.


Angelo, Gordon & Co., LP is a private limited partnership founded in November 1988. The company manages approximately $ 39 billion as of June 30, 2020 with a primary focus on credit and real estate strategies. Angelo Gordon has over 550 employees, including over 200 investment professionals, and is headquartered in New York City, with offices in the United States, Europe and Asia. For more information visit

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