Market Overview

AG Mortgage Investment Trust Announces 3.75M Share Offering

Related MITT
Wunderlich Mortgage REIT Update: 5 Big Moves Since April
2 Small-Caps KBW Just Moved

AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company") announced today that it intends to make a public offering of 3,750,000 shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to 562,500 additional shares of its common stock.

The Company expects to use the net proceeds from the offering to make additional acquisitions of residential mortgage-backed securities, other real estate-related assets, and for general corporate purposes.

Posted-In: News Offerings


Related Articles (MITT)

Around the Web, We're Loving...

Get Benzinga's Newsletters