Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 258

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 258
---
 value due to their floating interest rates and short-term maturities of generally one year or less. As of June 30, 2025, the Company had certain fixed-rate long-term financing arrangements which had an amortized cost of $43.4 million. The fair value of the fixed-rate long-term financing arrangements approximates the carrying value as this financing arrangement matured and was paid off in July 2025. Financing arrangements are classified as Level 2 of the fair value hierarchy.  (4)Amounts pledged as collateral under Securitized residential mortgage loans include certain of the Company's retained interests in securitizations. Refer to Note 3 for more information on the Non-Agency VIEs and RPL/NPL VIEs.(5)The Company's Residential mortgage loan financing arrangements include a maximum borrowing capacity of $1.9 billion on facilities used to finance Agency-Eligible, Home Equity and Non-Agency Loans of which $50 million is committed by the lender.(6)The holders of the securitized debt have no recourse to the general credit of the Company. The Company has no obligation to provide any other explicit or implicit support to the Non-Agency VIEs and RPL/NPL VIEs.(7)The weighted average funding costs are calculated based on the amortized cost of the underlying securities. (8)The current face on the Company's Securitized debt in the Company's Non-Agency VIEs excludes Interest Only classes which 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 June 30, 2025, the notional value of interest only classes of Securitized debt was $2.0 billion. (9)The Senior Unsecured Notes are recorded at amortized cost in the Company's consolidated balance sheets. As of June 30, 2025, the fair value of the Senior Unsecured Notes was $101.0 million. The fair value of the Senior Unsecured Notes is based upon prices obtained from third-party pricing services or broker quotations and are classified as Level 2 of the fair value hierarchy.

24

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

Senior Unsecured NotesThe Company’s Senior Unsecured Notes consist of $34.5 million principal amount 9.500%