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Buy (3.00 out of 4)
32nd percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, May 2, 9:54 PM
Slide #600. AG Mortgage Investment Trust, Inc. — Preferred Stock Offering
Company: |
AG Mortgage Investment Trust, Inc. (NYSE:MITT) |
Date announced: |
9/19/2012 |
$Amount Offered: |
$100,000,000 |
Date of Pricing: |
9/20/2012 |
Price Per Share: |
$25 |
Preferred Stock Offering Details: |
AG Mortgage Investment Trust, Inc. announced that it intends to make a public offering of shares of an original issuance of Series B Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share (the "Series B Preferred Stock"). The Company intends to grant the underwriters a 30-day option to purchase additional shares of the Series B Preferred Stock to cover any overallotments. The Company also intends to apply to list the Series B Preferred Stock on the New York Stock Exchange. --updated 9/20/12 -- AG Mortgage Investment Trust, Inc. announced that it has priced the public offering of 4,000,000 shares of its 8.00% Series B Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share (the "Series B Preferred Stock"), for gross proceeds of $100 million before deducting the underwriting discount and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of the Series B Preferred Stock to cover over-allotments, if any. |
AG Mortgage Investment Trust is a residential mortgage real estate investment trust with a focus on investing in a portfolio of residential mortgage-related assets in the U.S. mortgage market. Co.'s investment portfolio (which excludes its ownership in Arc Home, LLC) includes Residential Investments and Agency Residential Mortgage-Backed Securities. Co.'s Residential Investments primarily consist of Non-Qualified Mortgage Loans and U.S. Government-Sponsored Entity Non-Owner Occupied Loans. In addition to its Residential Investments, Co. may also invest in other types of residential mortgage loans and other mortgage related assets. Preferreds: MITT.PRA, MITT.PRB, MITT.PRC
Open the MITT Page at Preferred Stock Channel »
Name: |
AG Mortgage Investment Trust Inc |
Website: |
www.agmit.com |
Sector: |
REITs |
Number of ETFs Holding MITT: |
4 (see which ones) |
Total Market Value Held by ETFs: |
$7,343,217 |
Total Market Capitalization: |
$163,000,000 |
% of Market Cap. Held by ETFs: |
4.51% |
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