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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 2:46 AM

Slide #394. 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 investment portfolio includes: Agency residential mortgage-backed securities (RMBS), which comprised primarily of mortgage-backed securities; Non-Agency RMBS, which include investment grade and non-investment grade fixed and floating-rate securities; commercial mortgage-backed securities, which include securities collateralized by various asset classes, including automobiles; and other investments, which include re-performing mortgage loans and non-performing mortgage loans.

Preferreds: MITT.PRA, MITT.PRB


Open the MITT Page at Ru Back Packer »

Name: AG Mortgage Investment Trust Inc
Sector: REITs
Number of ETFs Holding MITT: 20 (see which ones)
Total Market Value Held by ETFs: $32,915,976
Total Market Capitalization: $503,000,000
% of Market Cap. Held by ETFs: 6.54%

Open the MITT Page at Ru Back Packer (in a new window) »

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