# EDGAR Filing Document

**Accession Number:** 0001766478
**File Stem:** 0001766478-23-000004
**Filing Date:** 2023-1
**Character Count:** 9191
**Document Hash:** 5a6bfaddbb5228267d82463ed2a6ba6b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001766478-23-000004.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001766478-23-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230131

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Angel Oak Mortgage, Inc.
- **CENTRAL INDEX KEY:** 0001766478
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **IRS NUMBER:** 371892154
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40495
- **FILM NUMBER:** 23573041

**BUSINESS ADDRESS:**
- **STREET 1:** 3344 PEACHTREE ROAD NE
- **STREET 2:** SUITE 1725
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326
- **BUSINESS PHONE:** (678)222-7867

**MAIL ADDRESS:**
- **STREET 1:** 3344 PEACHTREE ROAD NE
- **STREET 2:** SUITE 1725
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326

?xml version="1.0" ? aomr-20230131

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)** 

**of the Securities Exchange Act of 1934**

Date of Report (date of earliest event reported): January 31, 2023

**Angel Oak Mortgage, Inc.** 

**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Maryland** | 001-40495 | **37-1892154** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

**3344 Peachtree Road Northeast, Suite 1725, Atlanta, Georgia 30326**

(Address of Principal Executive Offices and Zip Code)

Registrant's telephone number, including area code: **(404) 953-4900** 

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, $0.01 par value per share | AOMR | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

---

| | |
|:---|:---|
| Emerging growth company | ☐ |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |

---

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**Item 7.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

On January 31, 2023, Angel Oak Mortgage, Inc. (the "Company") issued a press release announcing that it contributed loans with a scheduled principal balance of approximately $241.3 million into an approximately $580.5 million scheduled principal balance securitization transaction backed by a pool of residential mortgage loans along with other affiliates of Angel Oak Capital Advisors, LLC, an affiliate of the Company's Manager. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K.

The information contained in this Item 7.01 and the attached Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in this Item 7.01 and the attached Exhibit 99.1 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated by reference therein.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

**Exhibit No.&nbsp;&nbsp;&nbsp;&nbsp;Description**

Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;<u>[Press Release dated](ex991aomt2023-1pressrelease.htm)[January 31, 2023](ex991aomt2023-1pressrelease.htm)</u>

Exhibit 104&nbsp;&nbsp;&nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document).

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**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| Date: January 31, 2023 | ANGEL OAK MORTGAGE, INC. |
|  | By: <u>/s/ Brandon Filson</u> |
|  | Name: Brandon Filson |
|  | Title: Chief Financial Officer and Treasurer |

---

## Exhibit 99.1

**EXHIBIT 99.1**

![image_0a.jpg](image_0a.jpg)

**Angel Oak Mortgage, Inc. Advances Strategic Plan with Participation in $580.5 million Securitization**

*The company builds momentum by executing outlined plan to reposition its portfolio, improve liquidity and return to the securitization market*

**ATLANTA—January 31, 2023—Angel Oak Mortgage Inc. (NYSE: AOMR)**, (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first-lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announces its participation in AOMT 2023-1, an approximately $580.5 million scheduled principal balance securitization backed by a pool of residential mortgage loans. This is AOMR's first securitization in which it has participated alongside other Angel Oak entities since its initial public offering.

AOMR contributed loans with a scheduled principal balance of $241.3 million. In addition to releasing capital, the Company will retain its pro rata share of the economics from the securitization. In combination with the loan sales and non-mark to market financing conversions announced in Q4 2022, this securitization has reduced AOMR's whole loan warehouse debt by approximately 51% and its mark-to-market percentage of total warehouse debt<sup>1</sup> by approximately 62% since the end of Q3 2022.

"This demonstrates further execution of the steps previously outlined in our strategic plan to reposition our portfolio, improve liquidity, reduce risk, and protect our capital structure. By partnering with other Angel Oak entities at this time, we believe we can optimize execution to accelerate our rotation into a higher-yielding portfolio. We are pleased to return to the securitization market, and we look forward to executing additional securitizations in the coming months while reinvesting capital into recently originated, higher coupon loans." said Sreeni Prabhu, Chief Executive Officer and President of AOMR.

At deal closing, AOMT 2023-1 consisted of 1,073 loans. The securitization has an average original credit score of 736, an original average loan-to-value ratio of 71.1%, and a non-zero debt-to-income ratio of 32.2%. The transaction was rated by Fitch Ratings with the senior tranche receiving a triple A rating.

<sup>1</sup> Mark-to-market percentage of total warehouse debt is calculated as the total estimated unpaid balance of mark-to-market warehouse financing divided by the total estimated unpaid balance of all warehouse financing.

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**Forward Looking Statements**

**About Angel Oak Mortgage, Inc.**

Angel Oak Mortgage, Inc. is a real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. The Company's objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. The Company is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC, which, collectively with its affiliates, is a leading alternative credit manager with a vertically integrated mortgage origination platform. Additional information about the Company is available at www.angeloakreit.com.

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**Contacts**

**Investors:**

investorrelations@angeloakreit.com <br>855-502-3920

**Media:**

Bernardo Soriano, Gregory FCA for Angel Oak Mortgage, Inc.

914-656-3880

bernardo@gregoryfca.com

**Company Contact:**

Randy Chrisman, Chief Marketing & Corporate Investor Relations Officer, Angel Oak Capital Advisors

404-953-4969

randy.chrisman@angeloakcapital.com

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