Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 146

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 146
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. As the Company operates as a single segment, the accounting policies utilized by the segment are consistent with those included in the consolidated financial statements here within.

14. Subsequent Events

The Company announced that on July 31, 2025, its Board of Directors declared third quarter 2025 preferred stock dividends on its Series A Preferred Stock, Series B Preferred Stock, and Series C Preferred Stock in the amount of $0.51563, $0.50 and $0.706042 per share, respectively. The dividends will be paid on September 17, 2025 to holders of record on August 29, 2025.Financing ActivityOn July 10, 2025, the Company co-sponsored a rated Non-Agency securitization, in which Home Equity Loans with a total unpaid principal balance of $301.3 million were securitized, converting recourse financing with mark-to-market margin calls to non-recourse financing without mark-to-market margin calls.On July 18, 2025, the Company paid off certain fixed-rate long-term financing arrangements which had an outstanding unpaid principal balance and accrued interest payable of $43.8 million. The financing was collateralized by certain of the Company's retained interests in securitizations acquired from WMC. The Company pledged these assets under a recourse financing arrangement with mark-to-market margin calls with a balance of $82.9 million, providing the Company with net proceeds of $39.1 million. 

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AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)June 30, 2025

On July 29, 2025, the Company co-sponsored a rated Non-Agency securitization, in which Home Equity Loans with a total unpaid principal balance of $647.0 million were securitized.Acquisition of Additional Interest in AG ArcOn August 1, 2025, the Company purchased an additional 21.4% interest in AG Arc from certain private funds managed by TPG Angelo Gordon. In connection with the acquisition, the Company issued 2,027,676 restricted shares of the Company’s common stock as consideration. Upon closing of the transaction on August 1, 2025 and giving effect to the Company’s acquisition of the additional 21.4% interest, the Company has an approximate 66.0% interest in AG Arc. Refer to “Item 5. Other Information” for additional information related to the transaction.

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