Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 187

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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 of the Company’s derivatives increases, its counterparty must post collateral. As of March 31, 2025, the Company's restricted cash balance included $8.6 million of collateral related to certain derivatives, of which $4.4 million represents cash collateral posted by the Company and $4.2 million represents amounts related to variation margin. As of December 31, 2024, the Company's restricted cash balance included $9.3 million of collateral related to certain derivatives, of which $0.7 million represents cash collateral posted by the Company and $8.6 million represents amounts related to variation margin.The following table summarizes total income related to derivatives and other instruments for the three months ended March 31, 2025 and 2024 (in thousands).Three Months EndedMarch 31, 2025March 31, 2024Included within Net interest component of interest rate swapsInterest Rate Swaps$737 $1,900 Included within Net unrealized gain/(loss)Interest Rate Swaps(6,536)10,313 Short TBAs— (92)Forward Purchase Commitments132 (852)(6,404)9,369 Included within Net realized gain/(loss)Interest Rate Swaps782 (3,141)Short TBAs— 10 Forward Purchase Commitments(40)1,132 742 (1,999)Total income/(loss)$(4,925)$9,270 Derivative Activity  The following table presents information about the Company’s derivatives for the three months ended March 31, 2025 and 2024 (in thousands). Beginning NotionalAmountAdditionsSettlement, Termination, or Expiration (1)Ending NotionalAmountDerivativeAssetDerivativeLiabilityThree Months Ended March 31, 2025Interest Rate Swaps$342,550 $103,000 $(113,050)$332,500 $— $(256)Three Months Ended March 31, 2024Short TBAs (2)$(9,000)$34,000 $(57,000)$(32,000)$— $(155)Interest Rate Swaps503,000 219,750 (268,500)454,250 267 — (1)Includes $60.0 million of interest rate swaps that matured during the three months ended March 31, 2024. (2)As of March 31, 202