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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Friday, May 26, 4:37 PM

Slide #336. 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 real estate investment trust focused on investing in, acquiring and managing a portfolio of residential mortgage assets, other real estate-related securities and financial assets. Co.'s portfolio is comprised of mortgage-backed securities, specifically residential mortgage-backed securities (RMBS). Co.'s Agency RMBS investments include mortgage pass-through securities, securities entitling the holder only to the interest payments made on the mortgages underlying certain MBS, and collateralized mortgage obligations, among others. Co.'s Non-Agency RMBS investments may include investment grade and non-investment grade fixed- and floating-rate securities.

Preferreds: MITT.PRA, MITT.PRB

Open the MITT Page at Preferred Stock Channel »

Name:  AG Mortgage Investment Trust Inc
Sector:  REITs
Number of ETFs Holding MITT:  23 (see which ones)
Total Market Value Held by ETFs:  $42,215,774
Total Market Capitalization:  $518,000,000
% of Market Cap. Held by ETFs:  8.15%

Open the MITT Page at Preferred Stock Channel (in a new window) »

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