Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 42

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 42
---
 conditions and harm our results of operations and financial condition. 

Similar to the margin calls that we receive on our borrowing agreements, we may also receive margin calls on our derivative instruments when their fair value declines. This typically occurs when prevailing market rates change adversely, with the severity of the change also dependent on the terms of the derivatives involved. We may also receive margin calls on our derivatives based on the implied volatility of interest rates. Our posting of collateral with our counterparties can be done in cash 

67

or assets, and is generally bilateral, which means that if the fair value of our interest rate hedges increases, our counterparty will be required to post collateral with us. Refer to the "Liquidity risk – derivatives" section of Item 3 below for a further discussion on margin.

Cash flows

The below details changes to our cash, cash equivalents, and restricted cash for the six months ended June 30, 2025 and 2024 (in thousands).

Six Months EndedJune 30, 2025June 30, 2024ChangeCash and cash equivalents and restricted cash, Beginning of Period$138,568 $125,573 $12,995 Net cash provided by (used in) operating activities (1)23,515 25,704 (2,189)Net cash provided by (used in) investing activities (2)(485,249)(921,516)436,267 Net cash provided by (used in) financing activities (3)423,335 918,673 (495,338)Net change in cash and cash equivalents and restricted cash(38,399)22,861 (61,260)Cash and cash equivalents and restricted cash, End of Period$100,169 $148,434 $(48,265)

(1)Cash provided by operating activities is primarily attributable to net interest income less operating expenses for the six months ended June 30, 2025. 

(2)Cash used in investing activities for the six months ended June 30, 2025 was primarily attributable to purchases of residential mortgage loans and real estate securities, offset by principal repayments on residential mortgage loans and proceeds from the sale of certain investments. 

(3)Cash provided by financing activities for the six months ended June 30, 2025 was primarily attributable to proceeds from the issuance of securitized debt and net borrowings under financing arrangements, offset by principal repayments on securitized debt and dividend payments. 

Stock repurchase