Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 17

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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 using a valuation multiple of 0.94x of book value which increased from 0.89x of book value as of March 31, 2024.

(3)The earnings recognized by AG Arc do not include our portion of gains recorded by Arc Home in connection with the sale of residential mortgage loans to us. Refer to Note 10 to the "Notes to Consolidated Financial Statements (unaudited)" for more information on this accounting policy.

Dividends on Preferred Stock

Holders of our Series A Preferred Stock, Series B Preferred Stock, and Series C Preferred Stock are entitled to receive cumulative cash dividends at their respective rates per annum on the $25.00 per share liquidation preference for each series. Our Series A Preferred Stock and Series B Preferred Stock have fixed rates of 8.25% and 8.00%, respectively. The initial dividend rate for our Series C Preferred Stock, from issuance through September 16, 2024, was 8.000%. On and after September 17, 2024, dividends on the Series C Preferred Stock accumulate at an annual floating rate of three-month CME Term SOFR (plus a tenor spread adjustment of 0.26161%) plus a spread of 6.476%. 

52

Six Months Ended June 30, 2025 compared to the Six Months Ended June 30, 2024

The table below presents certain information from our consolidated statements of operations for the six months ended June 30, 2025 and 2024 (in thousands).

Six Months EndedJune 30, 2025June 30, 2024Increase/(Decrease)Statement of Operations Data:   Net Interest Income   Interest income$219,995 $195,387 $24,608 Interest expense183,394 161,827 21,567 Total Net Interest Income36,601 33,560 3,041 Other Income/(Loss)  Net interest component of interest rate swaps1,558 4,267 (2,709)Net realized gain/(loss)(3,484)860 (4,344)Net unrealized gain/(loss)762 788 (26)Total Other Income/(Loss)(1,164)5,915 (7,079)Expenses  Management fee to affiliate4,628 3,494 1,134 Non-investment related expenses5,841 5,860 (19)Investment