Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 175

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 8
Chunk 175
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595)(998,380)Investment in majority-owned affiliates(4,051)(16,088)Principal payments on RMBS and CMBS securities2,736 3,063 Maturity of T-bills500,000 850,000 Sale of commercial mortgage loans to third parties— 4,300 Principal payments on commercial mortgage loans33 37 NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES$120,839 $(194,107)CASH FLOWS FROM FINANCING ACTIVITIESRepurchase of common stock(19,950)— Proceeds from issuances of common stock, net of expenses1,883 — Dividends paid to common stockholders(31,037)(31,928)Principal payments on non-recourse securitization obligation(170,468)(100,904)Accrued dividends(326)— Cash paid for debt issuance costs(1,045)— Proceeds from securitization575,761 233,318 Net proceeds from (repurchases of) securities sold under agreements to repurchase(143,101)141,112 Net proceeds from issuance of senior notes48,425 — Net proceeds from (payments on) notes payable(161,151)(349,260)NET CASH PROVIDED BY FINANCING ACTIVITIES$98,991 $(107,662)CHANGE IN CASH AND RESTRICTED CASH(1,603)4,635 CASH AND RESTRICTED CASH, beginning of period44,496 39,861 CASH AND RESTRICTED CASH, end of period42,893 44,496 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATIONCash paid during the period for interest$66,310 $65,169 

The accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.93

Angel Oak Mortgage REIT, Inc.Notes to the Consolidated Financial Statements

1.    Organization

Angel Oak Mortgage REIT, Inc. (together with its subsidiaries the “Company”) is a real estate finance company focused on acquiring and investing in first lien non-qualified residential mortgage (“non-QM”) loans and other mortgage‑related assets in the U.S. mortgage market. The Company’s strategy is to make credit-sensitive investments primarily in newly-originated first lien non‑QM loans that are primarily made to higher‑quality non‑QM loan