Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 137

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 137
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 with respect to its investment in AG Arc pursuant to ASC 825. The Company elected to treat its investment in AG Arc as a taxable REIT subsidiary. On August 1, 2025, the Company purchased an additional 21.4% interest in AG Arc from certain private funds managed by TPG Angelo Gordon. In connection with the acquisition, the Company issued 2,027,676 restricted shares of the Company’s common stock as consideration. The Company continues to account for its investment in AG Arc using the equity method as it maintains significant influence, however does not have control over major decisions affecting AG Arc’s operations and financial policies. 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 September 30, 2025 and December 31, 2024 (in thousands).September 30, 2025December 31, 2024AssetsLiabilitiesEquityAssetsLiabilitiesEquityNon-QM Securities (1)$10,614 $— $10,614 $13,304 $— $13,304 Re/Non-Performing Securities691 — 691 2,462 (588)1,874 Total Residential Investments11,305 — 11,305 15,766 (588)15,178 AG Arc, at fair value49,244 — 49,244 30,778 — 30,778 Cash and Other assets/(liabilities)809 (14)795 910 (25)885 Investments in debt and equity of affiliates$61,358 $(14)$61,344 $47,454 $(613