AG Mortgage Investment Trust, Inc. Announces Pricing of Public Offering of Senior Notes
The Company intends to apply to list the Notes on the
The Company plans to use the net proceeds from the offering for general corporate purposes, which may include acquisition of Residential Investments and Agency RMBS, subject to the Company’s investment guidelines, and to the extent consistent with maintaining its REIT qualification and exemption from registration under the Investment Company Act of 1940, as amended, and for working capital, which may include, among other things, the repayment of existing indebtedness, including the repurchase or repayment of a portion of the 6.75% Convertible Senior Notes due 2024 (the “Convertible Notes”), which were assumed by a subsidiary of the Company in connection with the Company’s acquisition of Western Asset Mortgage Capital Corporation. The Convertible Notes can be redeemed at the Company’s option on or after
The Notes will be senior unsecured obligations of the Company, and pay interest quarterly in cash on
The offering will be made pursuant to the Company’s currently effective shelf registration statement filed with the
The offering of these Notes will be made only by means of a prospectus and a related prospectus supplement, a copy of which may be obtained by contacting:
Attn: Prospectus Department
Toll-Free: 1-800-584-6837
Attn: Transaction Management
Telephone: 1-866-375-6829
Email: rbcnyfixedincomeprospectus@rbccm.com
Attn: Prospectus Department
Toll-Free: 1-888-827-7275
Attn: WFS Customer Service
Email: wfscustomerservice@wellsfargo.com
Toll-Free: 1-800-645-3751
Attn: Capital Markets
Toll-Free: 1-800-966-1559
Attn:
Email: fsg-dcm@psc.com
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any sale of such Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About
Additional information can be found on the Company’s website at www.agmit.com. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
About TPG
Founded in 1988,
*TPG Angelo Gordon’s currently stated assets under management (“AUM”) of approximately
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intended such statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will,” “should,” “may,” “projects,” “could,” “estimates” or variations of such words and other similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature, but not all forward-looking statements include such identifying words. Forward-looking statements regarding the Company include, but are not limited to, statements regarding the offering and the intended use of proceeds. These forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The Company believes these factors include, without limitation, the risk factors contained in the Company’s filings with the
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Investors
Investor Relations
(212) 692-2110
ir@agmit.com
Media
media@angelogordon.com
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