Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 150

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 150
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 value of purchases of investments during the quarter ended September 30, 2025 (in thousands).

InvestmentPurchasesAgency-Eligible Loans$888,611 Home Equity Loans830,877 Total$1,719,488 

•One Legacy WMC CMBS bond paid off at par for $15.0 million, returning capital of $10.7 million.

Acquisition of AG Arc LLC 

•On August 1, 2025, purchased an additional 21.4% interest in AG Arc LLC (“AG Arc”) from certain private funds managed by TPG Angelo Gordon. In connection with the acquisition, we issued 2,027,676 restricted shares of our common stock as consideration. Upon closing of the transaction on August 1, 2025, and giving effect to our acquisition of the additional 21.4% interest, we have an approximate 66.0% interest in AG Arc. Refer to Note 10 to the "Notes to Consolidated Financial Statements (unaudited)" for additional information related to the transaction. 

Financing Activity 

•The table below summaries the four rated securitizations executed during the quarter ended September 30, 2025 (in millions).

CollateralMonthUnpaid Principal BalanceHome Equity Loans(1)July 2025$301.3 Home Equity LoansJuly 2025647.0 Agency-Eligible LoansAugust 2025347.0 Agency-Eligible LoansSeptember 2025417.1 Total$1,712.4 

(1) Converted recourse financing with mark-to-market margin calls to non-recourse financing without mark-to-market margin calls.

•Paid off certain Legacy WMC fixed-rate long-term financing arrangements, which had an outstanding balance, including unpaid principal balance and accrued interest payable, of $43.8 million. The financing was collateralized by certain retained interests in securitizations acquired from WMC. 

◦Pledged these assets under a recourse financing arrangement with mark-to-market margin calls;

◦Issued an additional $56.6 million of securitized debt from the securitizations acquired from WMC;

◦Generated net proceeds of $55.4 million for reinvestment through the payoff of the Legacy WMC fixed-rate long-term financing arrangements and subsequent issuance of securitized debt;

•Amended a financing arrangement to convert financing on our residential mortgage loans with a total borrowing capacity of $400 million from financing with mark-to