Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 88

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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 line item on the consolidated balance sheets as of March 31, 2025.The maturity date for the Company's investments in Loan A, Loan B, and Loan C within the Legacy WMC Commercial Loan portfolio was May 6, 2025, reflecting the final extension option under current agreements. The borrower is in default with respect to the maturity. As a result, the lender on the Company’s financing arrangements on such Legacy WMC Commercial Loans are permitted to request a full repayment of the debt with respect to such assets. A short-term forbearance agreement with 

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AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)March 31, 2025

such Legacy WMC Commercial Loan borrower is being negotiated; however, there can be no assurances that any agreement will be executed. The Company does not currently expect its lender to request a full repayment while the forbearance agreement continues to be negotiated or while the forbearance agreement is in effect.2025 Equity Incentive Plan

On May 5, 2025, following approval by stockholders at the Company’s annual stockholders meeting, the 2025 Equity Incentive Plan became effective. The maximum number of shares of the Company’s common stock that may be issued under the 2025 Equity Incentive Plan is 800,000 shares of common stock, plus 220,781 shares of common stock (which reflects the number of shares that remained available for issuance under the 2020 Equity Incentive Plan as of May 4, 2025), plus 130,000 shares of common stock that remain subject to outstanding awards under the 2020 Equity Incentive Plan but only to the extent that such shares become forfeited or otherwise lapse. As a result of the adoption of the 2025 Equity Incentive Plan, no additional awards will be granted under the 2020 Equity Incentive Plan (although awards previously made under the 2020 Equity Incentive Plan will remain in effect subject to the terms of the 2020 Equity Incentive Plan and the applicable award agreement). 

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

In this quarterly report on Form 10-Q, or this "report," we refer to AG Mortgage Investment Trust, Inc. and its wholly-owned subsidiaries as "we," "us," the "Company," or "our," unless we specifically state