Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 136

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 136
---
 additional interest in AG Arc on August 1, 2025.MATHOn August 29, 2017, the Company, alongside private funds managed by TPG Angelo Gordon, formed Mortgage Acquisition Holding I LLC ("MATH") to conduct a residential mortgage investment strategy. MATH in turn sponsored the formation of Mortgage Acquisition Trust I LLC ("MATT") to purchase predominantly Non-QM Loans. MATT made an election to be treated as a REIT beginning with the 2018 tax year. The Company has an approximate 47.0% interest in MATH. MATH, through its wholly owned subsidiary MATT, only holds risk-retention tranches from past securitizations which continue to pay down and the Company does not expect MATT to acquire additional investments.Summary of investments in debt and equity of affiliates and related earnings The below table summarizes the components of the "Investments in debt and equity of affiliates" line item on the Company's consolidated balance sheets as of June 30, 2025 and December 31, 2024 (in thousands).June 30, 2025December 31, 2024AssetsLiabilitiesEquityAssetsLiabilitiesEquityNon-QM Securities (1)$11,912 $— $11,912 $13,304 $— $13,304 Re/Non-Performing Securities711 — 711 2,462 (588)1,874 Total Residential Investments12,623 — 12,623 15,766 (588)15,178 AG Arc, at fair value32,205 — 32,205 30,778 — 30,778 Cash and Other assets/(liabilities)959 (131)828 910 (25)885 Investments in debt and equity of affiliates$45,787 $(131)$45,656 $47,454 $(613)$46,841 (1)MATH, through its wholly owned subsidiary MATT, only holds risk-retention tranches from past securitizations which continue to pay down and the Company does not expect MATT to acquire additional investments. 

34

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

The below table reconciles the net income/(loss) to the "Equity in earnings/(loss) from affiliates" line item on the Company's consolidated statements of