Angel Oak Mortgage Reit Stock Price, News & Analysis

Angel Oak Mortgage REIT, Inc. 9.750% Senior Notes due 2030 (AOMD) are a series of senior debt securities issued by Angel Oak Mortgage REIT, Inc., a real estate investment trust incorporated in Maryland. The notes are referenced in multiple filings of Angel Oak Mortgage REIT, Inc. alongside its common stock and other senior notes, indicating that they form part of the company’s capital structure as a distinct debt instrument.

Angel Oak Mortgage REIT, Inc. appears in U.S. Securities and Exchange Commission reports with the jurisdiction of incorporation stated as Maryland and a Commission File Number of 001-40495. The company’s principal executive offices are located in Atlanta, Georgia. In the filings provided, Angel Oak Mortgage REIT, Inc. is identified as the issuer of several securities, including its common stock, 9.500% Senior Notes due 2029, and 9.750% Senior Notes due 2030, with the latter corresponding to the AOMD symbol.

The available filings show that Angel Oak Mortgage REIT, Inc. is an externally managed company. It has a management agreement with an external manager, Falcons I, LLC, referred to as the Company’s external manager. This management agreement governs the relationship between the company, its operating partnership, and the manager, including compensation and reimbursement arrangements. A new management agreement was entered into to replace a prior management agreement, following a strategic transaction involving Angel Oak Companies, LP and Brookfield Asset Management Ltd.

Financing and capital structure context

In the SEC filings, Angel Oak Mortgage REIT, Inc. and its subsidiaries are shown to use financing facilities and repurchase agreements with global investment banks. For example, the company and a subsidiary entered into a repurchase facility through a Master Repurchase Agreement and Securities Contract with a counterparty described as a global investment bank. Under that agreement, a subsidiary may sell certain securities representing whole loan assets and later repurchase them, with the company acting as guarantor. The terms described include interest rate provisions based on a spread over Term SOFR and customary covenants and events of default for this type of transaction.

Another filing describes an amendment to the pricing terms of a loan financing facility with a lender described as “Global Investment Bank 2.” The amendment adjusted the interest rate pricing spread range based on factors such as collateral type, loan status, and dwell time. These financing arrangements, together with the presence of senior notes such as the 9.750% Senior Notes due 2030, indicate that Angel Oak Mortgage REIT, Inc. uses a mix of secured financing facilities and unsecured or senior note issuances in its overall funding approach, as reflected in its SEC disclosures.

Management agreement and governance features

The company’s relationship with its external manager is documented in a New Management Agreement that superseded a prior management agreement. The New Management Agreement is described as substantially similar to the prior agreement, with certain changes. One change concerns reimbursement of wages, salaries, and benefits for the Company’s Chief Executive Officer and President. Under the New Management Agreement, the manager is not entitled to reimbursement for these costs unless the individual in that role devotes all working time to matters related to the company and its subsidiaries and such reimbursement is approved in advance by at least two-thirds of the independent directors.

Another change clarifies how the company’s annual right to decline to renew the management agreement without cause is evaluated. The independent directors’ determination regarding whether the compensation payable to the manager is fair must take into account amounts sought for expense reimbursement. These features illustrate how the company’s governance framework, as described in its filings, addresses external management compensation and oversight.

Ongoing reporting and investor communications

The SEC filings also show that Angel Oak Mortgage REIT, Inc. regularly furnishes information about its financial results and investor communications. One filing notes that the company issued a press release announcing its financial results for a quarter and that it planned to hold a teleconference and audio webcast to discuss those results, with supplementary materials furnished as exhibits. Another filing describes a press release announcing the date of a financial results webcast and conference call. In each case, the company specifies that the information is being furnished under particular SEC items and is not deemed filed for purposes of certain Exchange Act liabilities unless specifically incorporated by reference.

For investors evaluating AOMD – Angel Oak Mortgage REIT, Inc. 9.750% Senior Notes due 2030, these filings provide context about the issuer’s jurisdiction of incorporation, use of financing facilities, external management structure, and approach to financial reporting and communication. The notes themselves are identified in the filings as a separate security class associated with Angel Oak Mortgage REIT, Inc., alongside its common stock and other senior notes.

Key characteristics referenced in filings

• Issuer: Angel Oak Mortgage REIT, Inc., a Maryland corporation, as stated in multiple Form 8-K filings.
• Security type: 9.750% Senior Notes due 2030, referenced as a distinct member or class in the company’s filings.
• Sector context: The company is categorized in the real estate sector, and the filings reference whole loan assets and repurchase facilities involving securities representing such assets.
• External management: Managed under a New Management Agreement with Falcons I, LLC, described as the company’s external manager.
• Financing arrangements: Use of repurchase facilities and loan financing facilities with global investment banks, with terms and covenants described as customary for such transactions.

How AOMD fits within Angel Oak Mortgage REIT, Inc.’s structure

Within the company’s overall capital and financing structure, the 9.750% Senior Notes due 2030 sit alongside other securities identified in the filings, such as common stock and 9.500% Senior Notes due 2029. The recurring reference to these securities in connection with the company’s SEC reporting underscores that they are part of the issuer’s obligations and are tracked in its regulatory disclosures. While the filings provided focus primarily on material agreements, financing facilities, and management arrangements, they consistently list the 9.750% Senior Notes due 2030 as a specific security associated with Angel Oak Mortgage REIT, Inc.

According to the available information, Angel Oak Mortgage REIT, Inc. is not identified as an emerging growth company in the check-box disclosures of the referenced Form 8-K filings. The company also notes that certain exhibits, such as portions of financing agreements, may be redacted pursuant to SEC rules, and that some information is furnished rather than filed for purposes of the Exchange Act.

Use of SEC filings for understanding AOMD

Investors and researchers can use the issuer’s Form 8-K filings and other SEC reports to understand the broader context in which the 9.750% Senior Notes due 2030 exist. The filings highlight the issuer’s jurisdiction of incorporation, external management relationship, financing practices, and ongoing communication practices, all of which are relevant when assessing a security like AOMD that is tied to the credit and governance profile of Angel Oak Mortgage REIT, Inc.