Company: MITN
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001514281-25-000026
Chunk: 134

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 134
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 on our investments on a yield adjusted basis, including TBA dollar roll income/(loss) or any other investment activity that may earn or pay net interest or its economic equivalent. 

A reconciliation of "Net Income/(loss) available to common stockholders" to EAD for the years ended December 31, 2024 and 2023 is set forth below (in thousands, except per share data).

Years EndedDecember 31, 2024December 31, 2023Net Income/(loss) available to common stockholders$36,384 $35,440 Add (Deduct):Net realized (gain)/loss2,918 (7,697)Net unrealized (gain)/loss(16,956)(1,450)Transaction related expenses and deal related performance fees (1)3,310 11,233 Equity in (earnings)/loss from affiliates(3,141)1,390 EAD from equity method investments (2)(3)62 (452)Bargain purchase gain— (30,190)Earnings available for distribution$22,577 $8,274 Earnings available for distribution, per Diluted Share$0.76 $0.39 

(1)For the years ended December 31, 2024 and 2023, total transaction related expenses and deal related performance fees included $3.2 million and $11.1 million, respectively, recorded within the "Transaction related expenses" line item and $0.1 million and $0.1 million, respectively, recorded within the "Interest expense" line item, which relates to the amortization of deferred financing costs.

(2)For the years ended December 31, 2024 and 2023, $1.8 million or $0.06 per share and $(0.3) million or $(0.01) per share, respectively, of realized and unrealized changes in the fair value of Arc Home's net mortgage servicing rights, changes in the fair value of corresponding derivatives, and other asset impairments were excluded from EAD, net of deferred tax expense. Additionally, for the years ended December 31, 2024 and 2023, $2.6 million or $0.09 per share and $(1.5) million or $(0.07) per share, respectively, of unrealized changes in the fair value of our investment in Arc Home were excluded from EAD. 

(3)E