Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 266

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 266
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0.51563 $0.50 $0.693062 5/5/20255/30/20256/17/20250.51563 0.50 0.704864 7/31/20258/29/20259/17/20250.51563 0.50 0.706042 Total$1.54689 $1.50 $2.103968 2024  Cash Dividend Per ShareDeclaration DateRecord DatePayment Date8.25% Series A 8.00% Series B8.000% Series C2/16/20242/29/20243/18/2024$0.51563 $0.50 $0.50 5/2/20245/31/20246/17/20240.51563 0.50 0.50 8/1/20248/30/20249/17/20240.51563 0.50 0.50 Total$1.54689 $1.50 $1.50 

9. Income taxes

 The Company conducts its operations to qualify and be taxed as a REIT. As a REIT, the Company is not subject to federal income tax to the extent that it makes qualifying distributions to its stockholders, and provided it satisfies on a continuing basis, through actual investment and operating results, the REIT requirements including certain asset, income, distribution, and stock ownership tests. The state and local tax jurisdictions for which the Company is subject to tax-filing obligations recognize the Company’s status as a REIT, and therefore, the Company generally does not pay income tax in such jurisdictions. The Company may, however, be subject to certain minimum state and local tax filing fees as well as certain excise, franchise, or business taxes.On December 6, 2023, the Company acquired WMC, an externally managed mortgage REIT. The WMC acquisition is intended to qualify as a reorganization within the meaning of Section 368(a) of the Internal Revenue Code.Excise Tax Excise tax represents a non-deductible 4% tax on the required amount of the Company’s ordinary income and net capital gains not distributed during the year. The expense is calculated in accordance with applicable tax regulations. The below table details excise tax expense for the three and nine months ended September 30, 2025 and 2024, which is recorded in the