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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, 10:59 AM
Slide #618. AG Mortgage Investment Trust — Preferred Stock Offering
| Company: |
AG Mortgage Investment Trust (NYSE:MITT) |
| Underwriters: |
Stifel, Nicolaus & Company, Incorporated, RBC Capital Markets, LLC and Deutsche Bank Securities Inc. |
| Shares Offered: |
1,800,000 |
| Price Per Share: |
$25.00 |
| Date of Over-Allotment Closing: |
8/9/2012 |
| Final Completed Deal Size: |
2,070,000 |
| Preferred Stock Offering Details: |
AG Mortgage Investment Trust, Inc. announced the exercise in full of the over-allotment option granted to the underwriters by the Company with respect to the purchase of 270,000 shares of the Company's 8.25% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share. The over-allotment option is being exercised in connection with the Company's previously announced public offering of 1,800,000 shares of its 8.25% Series A Cumulative Redeemable Preferred Stock. The total offering of 2,070,000 shares produced gross proceeds of $51.75 million before deducting the underwriting discount and estimated offering expenses. |
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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