AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2023 Common Dividend
December 15 2023 - 3:05PM
Business Wire
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”)
announced that its Board of Directors has declared a dividend of
$0.05 per common share. The dividend is payable on January 31, 2024
to shareholders of record at the close of business on December 29,
2023.
The $0.05 per common share dividend represents the remaining
portion of the Company’s regular fourth quarter 2023 dividend of
$0.18 per common share. As previously announced, the Company
declared interim fourth quarter 2023 dividends of (1) $0.08 per
common share on October 24, 2023, which was paid on November 8,
2023 to common shareholders of record as of November 3, 2023, and
(2) $0.05 per common share on November 20, 2023, which is payable
on January 2, 2024 to common shareholders of record as of November
30, 2023. The interim fourth quarter dividends were made pursuant
to the terms of the Agreement and Plan of Merger between the
Company, Western Asset Mortgage Capital Corporation and, solely for
the limited purposes set forth in the Merger Agreement, AG REIT
Management, LLC.
About AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. is a residential mortgage
REIT with a focus on investing in a diversified risk-adjusted
portfolio of residential mortgage-related assets in the U.S.
mortgage market. AG Mortgage Investment Trust, Inc. is externally
managed and advised by AG REIT Management, LLC, a subsidiary of
Angelo, Gordon & Co., L.P., a diversified credit and real
estate investing platform within TPG.
Additional information can be found on the Company’s website at
www.agmit.com.
About TPG Angelo Gordon
Founded in 1988, Angelo, Gordon & Co., L.P. (“TPG Angelo
Gordon”) is a diversified credit and real estate investing platform
within TPG. The platform currently manages approximately $76
billion* across a broad range of credit and real estate strategies.
TPG Angelo Gordon has over 700 employees, including more than 230
investment professionals, across offices in the U.S., Europe and
Asia. For more information, visit www.angelogordon.com.
*TPG Angelo Gordon’s currently stated assets under management
(“AUM”) of approximately $76 billion as of September 30, 2023
reflects fund-level asset-related leverage. Prior to May 15, 2023,
TPG Angelo Gordon calculated its AUM as net assets under management
excluding leverage, which resulted in TPG Angelo Gordon AUM of
approximately $53 billion as of December 31, 2022. The difference
reflects a change in the TPG Angelo Gordon’s AUM calculation
methodology and not any material change to TPG Angelo Gordon’s
investment advisory business. For a description of the factors TPG
Angelo Gordon considers when calculating AUM, please see the
disclosure linked here.
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AG Mortgage Investment Trust, Inc. Investor Relations
(212) 692-2110 ir@agmit.com
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