Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 50

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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35 %6.55Total as of December 31, 2024$224,214 $(49,774)$207,992 $8,795 $(15,427)$201,360 3.62 %11.58 %5.20(1)The fair value of the securities held from unconsolidated VIEs represents the Company’s maximum loss exposure in unconsolidated VIEs. The Company has no obligation to provide any other explicit or implicit support to unconsolidated VIEs.(2)Equity residual investments with a zero coupon rate are excluded from this calculation.(3)The weighted average yields are calculated based on the amortized cost of the underlying securities. (4)Actual maturities may be shorter or longer than stated contractual maturities. Maturities are affected by prepayments of principal. (5)GCAT Non-Agency RMBS are securities issued under Gold Creek Asset Trust ("GCAT"), which is the TPG Angelo Gordon securitization shelf under which the Company or private funds under the management of TPG Angelo Gordon securitize loans. These securities were retained from rated Non-QM Loan securitizations the Company participated in alongside private funds managed by TPG Angelo Gordon. The Company’s interest in the retained tranches represents its continuing involvement in these securitization trusts.  (6)Interest Only securities have no principal balances and bear interest based on a notional value. The notional value is used solely to determine interest distributions on the interest only classes of securities. As of March 31, 2025, the notional balance of the GCAT Non-Agency RMBS Interest Only, Non-Agency RMBS Interest Only and Agency RMBS Interest Only line items were $81.9 million, $257.5 million and $93.1 million, respectively. As of December 31, 2024, the notional value of the GCAT Non-Agency RMBS Interest Only, Non-Agency RMBS Interest Only and Agency RMBS Interest Only line items were $85.6 million, $242.0 million and $107.2 million, respectively. 

17

AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)March 31, 2025

(7)For certain non-Agency RMBS, the Company acted as a co-sponsor alongside an unrelated third party of rated se