Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 260

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 260
---
30, 2024Coupon interest expense$2,363 $1,608 $4,726 $2,200 Amortization expense182 117 359 164 Total interest expense$2,545 $1,725 $5,085 $2,364 Legacy WMC Convertible NotesIn connection with the WMC acquisition, a wholly owned subsidiary of the Company assumed, and the Company guaranteed, $86.25 million aggregate principal amount of Legacy WMC Convertible Notes. The Legacy WMC Convertible Notes had an interest rate of 6.75% and interest was paid semiannually. During the six months ended June 30, 2024, the Company repurchased $7.1 million of principal amount of its outstanding Legacy WMC Convertible Notes. The Company paid off the remaining principal amount outstanding of the Legacy WMC Convertible Notes at maturity in September 2024.There was no interest expense incurred during the three and six months ended June 30, 2025 as the Legacy WMC Convertible Notes matured in September 2024. The below table details the total interest expense incurred on the Legacy WMC Convertible Notes during the three and six months ended June 30, 2024 (in thousands). Three Months EndedSix Months EndedJune 30, 2024June 30, 2024Coupon interest expense$1,335 $2,708 Amortization expense319 641 Total interest expense$1,654 $3,349 

25

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

Contractual maturitiesThe following table allocates the current face of the Company's borrowings under financing arrangements and the Senior Unsecured Notes as of June 30, 2025 by contractual maturity (in thousands). Securitized debt is excluded from the below table as it does not have a contractual maturity. Within 30 DaysOver 30 Days to 3 MonthsOver 3 Months to 12 MonthsOver 12 MonthsTotalFinancing Arrangements by Asset TypeSecuritized Residential Mortgage LoansNon-Agency Loans$155,617 $207,934 $32,035 $— $395,586 Re- and Non-Performing Loans27,124 — — — 27,124 Residential Mortgage LoansAgency-Eligible Loans