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Hold (2.33 out of 4)
2nd percentile
(ranked lower than approx. 98% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Friday, October 15, 10:09 PM

Slide #563. AG Mortgage Investment Trust Preferred Stock Offering

Company: AG Mortgage Investment Trust (NYSE:MITT)
Underwriters: Stifel, Nicolaus & Company, Incorporated, RBC Capital Markets, LLC and Deutsche Bank Securities Inc.
Shares Offered: 1,800,000
Price Per Share: $25.00
Date of Over-Allotment Closing: 8/9/2012
Final Completed Deal Size: 2,070,000
Preferred Stock Offering Details: AG Mortgage Investment Trust, Inc. announced the exercise in full of the over-allotment option granted to the underwriters by the Company with respect to the purchase of 270,000 shares of the Company's 8.25% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share. The over-allotment option is being exercised in connection with the Company's previously announced public offering of 1,800,000 shares of its 8.25% Series A Cumulative Redeemable Preferred Stock. The total offering of 2,070,000 shares produced gross proceeds of $51.75 million before deducting the underwriting discount and estimated offering expenses.

AG Mortgage Investment Trust is a hybrid mortgage real estate investment trust that invests in a risk adjusted portfolio of agency investments and credit investments. Co.'s investment portfolio is comprised of its Credit Investments and Agency residential mortgage-backed securities (RMBS). Co.'s Credit Investments include: Residential Investments, which include investment grade and non-investment grade fixed and floating-rate securities; and Commercial Investments, which include commercial real estate loans, including first mortgages and mezzanine loans. Co.'s Agency RMBS include: fixed rate securities held as mortgage pass-through securities, as well as excess mortgage servicing rights.

Preferreds: MITT.PRA, MITT.PRB, MITT.PRC


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Name:  AG Mortgage Investment Trust Inc
Website:  www.agmit.com
Sector:  REITs
Number of ETFs Holding MITT:  10 (see which ones)
Total Market Value Held by ETFs:  $14,518,239.91
Total Market Capitalization:  $190,000,000
% of Market Cap. Held by ETFs:  7.64%
 

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