Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 183

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 183
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 thousands).Three Months EndedMarch 31, 2025March 31, 2024Coupon interest expense$2,363 $592 Amortization expense177 47 Total interest expense$2,540 $639 Legacy WMC Convertible NotesIn connection with the WMC acquisition, a wholly owned subsidiary of the Company assumed, and the Company guaranteed, $86.25 million aggregate principal amount of Legacy WMC Convertible Notes. The Legacy WMC Convertible Notes had an interest rate of 6.75% and interest was paid semiannually. During the three months ended March 31, 2024, the Company repurchased $7.1 million of principal amount of its outstanding Legacy WMC Convertible Notes. The Company paid off the remaining principal amount outstanding of the Legacy WMC Convertible Notes at maturity in September 2024.There was no interest expense incurred during the three months ended March 31, 2025 as the Legacy WMC Convertible Notes matured in September 2024. The below table details the total interest expense incurred on the Legacy WMC Convertible Notes during the three months ended March 31, 2024 (in thousands). Three Months EndedMarch 31, 2024Coupon interest expense$1,373 Amortization expense322 Total interest expense$1,695 

24

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

Contractual maturitiesThe following table allocates the current face of the Company's borrowings under financing arrangements and the Senior Unsecured Notes as of March 31, 2025 by contractual maturity (in thousands). Securitized debt is excluded from the below table as it does not have a contractual maturity. Within 30 DaysOver 30 Days to 3 MonthsOver 3 Months to 12 MonthsOver 12 MonthsTotalFinancing Arrangements by Asset TypeSecuritized Residential Mortgage LoansNon-Agency Loans$47,236 $299,424 $46,199 $— $392,859 Re- and Non-Performing Loans16,292 11,141 — — 27,433 Residential Mortgage LoansAgency-Eligible Loans— — 36,368 — 36,368 Home Equity Loans— 186,629 — — 186,629 Legacy WMC Commercial Loans—