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AG MORTGAGE INVESTMENT TRUST, INC. - $MITT STOCK NEWS

Welcome to our dedicated page for AG MORTGAGE INVESTMENT TRUST news (Ticker: $MITT), a resource for investors and traders seeking the latest updates and insights on AG MORTGAGE INVESTMENT TRUST stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AG MORTGAGE INVESTMENT TRUST's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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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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8.85%
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Rhea-AI Summary

AG Mortgage Investment Trust, Inc. (NYSE: MITT) schedules the release of its first quarter 2024 financial results on May 3, 2024, followed by a conference call to discuss the results. Investors can participate in the call by dialing the provided numbers or accessing the live webcast. An audio replay will also be available for those unable to listen to the call.

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AG Mortgage Investment Trust, Inc. (NYSE: MITT) declares a dividend of $0.18 per common share for the first quarter of 2024, payable on April 30, 2024. Shareholders of record as of March 29, 2024, will receive the dividend.
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dividends earnings
Rhea-AI Summary
AG Mortgage Investment Trust, Inc. (MITT) reported financial results for full year and Q4 2023, highlighting a decrease in book value per share, net income, and Earnings Available for Distribution. The acquisition of Western Asset Mortgage Capital Corporation increased market capitalization by 46%. MITT executed securitizations, issued Senior Unsecured Notes, and repurchased Convertible Notes. The WMC acquisition is expected to result in expense savings and be accretive to earnings in 2024.
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-2.18%
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Rhea-AI Summary
AG Mortgage Investment Trust, Inc. (MITT) will release its fourth-quarter 2023 financial results on February 22, 2024. A conference call to discuss the results will be held at 8:30 a.m. Eastern Time. Details for participation are provided in the press release.
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-1.31%
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AG Mortgage Investment Trust, Inc. (MITT) announces the tax treatment of common and preferred stock distributions paid to stockholders. The company provides detailed information on the tax classification of distributions for income tax purposes, including qualified dividends, return of capital, capital gains, and section 199A dividends. Additionally, the press release highlights the completion of the acquisition of Western Asset Mortgage Capital Corporation and provides guidance for stockholders regarding tax reporting requirements.
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0.96%
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AG Mortgage Investment Trust, Inc. (MITT) has announced the pricing of an underwritten public offering of $30 million aggregate principal amount of its 9.500% senior notes due 2029. The offering includes a 30-day option for additional purchase and is expected to close on January 26, 2024. The Company intends to use the net proceeds for general corporate purposes, including acquisition of Residential Investments and Agency RMBS, and working capital. The Notes have received an investment grade rating of BBB- from Egan-Jones Ratings Company.
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AG Mortgage Investment Trust, Inc. (NYSE: MITT) declares a dividend of $0.05 per common share, payable on January 31, 2024, to shareholders of record on December 29, 2023. This dividend represents the remaining portion of the regular fourth quarter 2023 dividend of $0.18 per common share, with interim dividends of $0.08 and $0.05 previously declared and paid. The dividends were made pursuant to the terms of the Agreement and Plan of Merger between the Company, Western Asset Mortgage Capital Corporation, and AG REIT Management, LLC.
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dividends earnings
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AG Mortgage Investment Trust, Inc. (NYSE: MITT) has completed the acquisition of Western Asset Mortgage Capital Corporation. WMC's common stock was publicly traded until December 5, 2023, and was then suspended from trading on the NYSE. Each outstanding share of WMC was converted into 1.498 shares of MITT common stock and $0.92 per share in cash payment. The completion of the acquisition is a significant milestone for MITT in achieving growth and scale initiatives.
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Western Asset Mortgage Capital Corporation (WMC) stockholders approve merger with AG Mortgage Investment Trust, Inc. (MITT)
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AG MORTGAGE INVESTMENT TRUST, INC.

NYSE:MITT

MITT Rankings

MITT Stock Data

200.28M
28.51M
6.44%
28.25%
0.36%
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United States of America
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