AG Mortgage Investment Trust, Inc. (NYSE:MITT) Files An 8-K Other EventsItem 8.01 Other Events.
On May22, 2018, AG Mortgage Investment Trust Inc., a Maryland corporation (the “Company”), filed with the Securities and Exchange Commission (the “SEC”) a prospectus supplement, dated May22, 2018 (the “ATM Prospectus”), to Rule 424(b) under the Securities Act of 1933, as amended, relating to the offer and sale of shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”), that remain unsold under the Company’s existing at-the-market equity offering program (the “ATM Program”). The shares of Common Stock that can be sold under the ATM Program have an aggregate offering price of up to $100,000,000. The ATM Prospectus was filed as a result of the Company filing with the SEC a new shelf registration statement on Form S-3 (No. 333-224629) on May2, 2018, which was declared effective by the SEC on May18, 2018 and replaced the Company’s previously filed shelf registration statement on Form S-3. An opinion of Saul Ewing Arnstein& Lehr LLP with respect to the validity of the Common Stock that may be offered and sold to the ATM Prospectus and the accompanying base prospectus is filed herewith as Exhibit 5.1.
On May22, 2018, the Company also entered into Amendment No.1 to the Equity Distribution Agreement with each of JMP Securities LLC and Credit Suisse Securities (USA) LLC (together, the “Sales Agents”), each dated May22, 2018 (together, the “Amendments”), which provides, among other matters, that following the date thereof, any offers and sales of shares of the Common Stock under the ATM Program shall be made to the ATM Prospectus. As of the date of the Amendments, the Company had already sold shares of Common Stock having an aggregate offering price of $8,980,826 under the ATM Program, resulting in shares of Common Stock having an aggregate offering price of up to $91,019,174 remaining available for sale thereunder.
The foregoing description of the Amendments does not purport to be complete and is subject to and qualified in its entirety by reference to the Amendments, copies of which are filed as Exhibit 1.1 and Exhibit 1.2 hereto, and are incorporated herein by reference.
Item 8.01 Financial Statements and Exhibits.
AG Mortgage Investment Trust, Inc. ExhibitEX-1.1 2 d584937dex11.htm EX-1.1 EX-1.1 Exhibit 1.1 AG MORTGAGE INVESTMENT TRUST,…To view the full exhibit click here
About AG Mortgage Investment Trust, Inc. (NYSE:MITT)
AG Mortgage Investment Trust, Inc. is a real estate investment trust (REIT). The Company is focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It is also focused on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans. The majority of its portfolio consists of mortgage-backed securities, specifically RMBS.
