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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Friday, February 9, 5:44 PM

Slide #412. 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 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: 21 (see which ones)
Total Market Value Held by ETFs: $37,266,887
Total Market Capitalization: $473,000,000
% of Market Cap. Held by ETFs: 7.88%

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

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