Preferred Stock Offerings
By Ru Back Packer Staff, updated Friday, February 9, 5:44 PM
Slide #412. AG Mortgage Investment Trust — Preferred Stock Offering
||AG Mortgage Investment Trust (NYSE:MITT)
||Stifel, Nicolaus & Company, Incorporated, RBC Capital Markets, LLC and Deutsche Bank Securities Inc.
|Price Per Share:
|Date of Over-Allotment Closing:
|Final Completed Deal Size:
|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 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
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||AG Mortgage Investment Trust Inc
|Number of ETFs Holding MITT:
||21 (see which ones)
|Total Market Value Held by ETFs:
|Total Market Capitalization:
|% of Market Cap. Held by ETFs:
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