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AG Mortgage Investment Trust Inc - MITT STOCK NEWS

Welcome to our dedicated news page for AG Mortgage Investment Trust (Ticker: MITT), a resource for investors and traders seeking the latest updates and insights on AG Mortgage Investment Trust.

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.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AG Mortgage Investment Trust's position in the market.

News
AG Mortgage Investment Trust, Inc. Announces First Quarter 2024 Common Dividend of $0.18 per Share
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
dividends earnings
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News
AG Mortgage Investment Trust, Inc. Reports Full Year and Fourth Quarter 2023 Results
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
Tags
earnings
-
News
AG Mortgage Investment Trust, Inc. Schedules Fourth Quarter 2023 Earnings Release and Conference Call
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
earnings
News
AG Mortgage Investment Trust, Inc. Announces Tax Treatment of 2023 Distributions
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
none
-
News
AG Mortgage Investment Trust, Inc. Announces Pricing of Public Offering of Senior Notes
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
Tags
offering
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News
AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2023 Common Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends earnings
News
AG Mortgage Investment Trust, Inc. Completes Acquisition of Western Asset Mortgage Capital Corporation
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
acquisition
-
News
Western Asset Mortgage Capital Corporation Announces Stockholder Approval of Merger With AG Mortgage Investment Trust
Rhea-AI Summary
Western Asset Mortgage Capital Corporation (WMC) stockholders approve merger with AG Mortgage Investment Trust, Inc. (MITT)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
acquisition
-
News
AG Mortgage Investment Trust, Inc. Announces Second Interim Fourth Quarter Common Dividend of $0.05 Per Share
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
dividends
News
AG Mortgage Investment Trust, Inc. Reports Third Quarter 2023 Results
Rhea-AI Summary
MITT Reports Q3 2023 Financial Results, Declares Dividends, and Provides Arc Home Update
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
earnings
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AG Mortgage Investment Trust Inc

NYSE:MITT

MITT Rankings

#3901 Ranked by Market Cap
#2004 Ranked by Stock Gains
#73 Ranked by Dividends

MITT Stock Data

166.11M
28.51M
6.44%
28.25%
0.36%
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