NEW YORK--(BUSINESS WIRE)--Dec. 20, 2012--
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company")
announced today that it has priced a public offering of 3,750,000 shares
of its common stock for total estimated gross proceeds of approximately
$89 million. The Company has granted the underwriters a 30-day option to
purchase up to 562,500 additional shares of its common stock. The
offering is subject to customary closing conditions and is expected to
close on December 26, 2012.
The Company expects to use the net proceeds from the offering to make
additional acquisitions of our target assets, which include residential
mortgage-backed securities and other real estate-related assets, and for
general corporate purposes.
Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Nomura and
Stifel Nicolaus Weisel are acting as book-running managers for the
offering. JMP Securities LLC, Wunderlich Securities and Maxim Group LLC
are acting as co-managers.
The offering will be made pursuant to the Company's existing shelf
registration statement, which was declared effective by the Securities
and Exchange Commission on July 20, 2012. This press release is neither
an offer to sell nor a solicitation of an offer to buy shares of common
stock. The offering of these securities will be made only by means of a
prospectus and a related prospectus supplement, a copy of which may be
obtained by contacting: Credit Suisse Securities (USA) LLC, One Madison
Avenue, New York, New York 10010, Attention: Prospectus Department or by
calling (800) 221-1037 or emailing newyork.prospectus@credit-suisse.com;
BofA Merrill Lynch at 222 Broadway, New York, NY 10038, Attention:
Prospectus Department or by emailing dg.prospectus_requests@baml.com;
Nomura Securities International, Inc., by mail at Attention: Equity
Syndicate Department, 2 World Financial Center, New York, NY 10281 or by
telephone at (212) 667-9000; and Stifel Nicolaus Weisel, Attn:
Prospectus Department, One South Street, 15th Floor, Baltimore, MD 21201
or by calling (855) 300-7136.
This press release and the prospectus supplement and the accompanying
prospectus shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
state.
About AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. is a real estate investment trust
that invests in, acquires and manages a diversified portfolio of
residential mortgage assets, other real estate-related securities and
financial assets. AG Mortgage Investment Trust, Inc. is externally
managed and advised by AG REIT Management, LLC, a subsidiary of Angelo,
Gordon & Co., L.P., an SEC-registered investment adviser that
specializes in alternative investment activities.
Forward-Looking Statements Disclaimer
This press release contains "forward-looking statements" made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including with regard to the Company's consummation
of its offering of common stock and the anticipated use of proceeds.
Forward-looking statements typically are identified by use of the terms
such as "believe," "expect," "anticipate," "estimate," "plan,"
"continue," "intend," "should," "may" or similar expressions.
Forward-looking statements are based on our beliefs, assumptions and
expectations of our future performance, taking into account all
information currently available to us. No assurance can be given that
the offering discussed above will be consummated, or that the net
proceeds of the offering will be used as indicated. Consummation of the
offering, and the application of the net proceeds of the offering, are
subject to numerous possible events, factors and conditions, many of
which are beyond the control of the Company and not all of which are
known to us, including, without limitation, market conditions and those
described in our Annual Report on Form 10-K for the fiscal year ended
December 31, 2011, Quarterly Report on Form 10-Q for the quarter ended
June 30, 2012, as amended, and Quarterly Report on Form 10-Q for the
quarter ended September 30, 2012, each of which has been filed with the
Securities and Exchange Commission. All forward-looking statements speak
only as of the date on which they are made. New risks and uncertainties
arise over time, and it is not possible to predict those events or how
they may affect us. Except as required by law, we are not obligated to,
and do not intend to, update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Source: AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc.
Lisa Yahr, 212-692-2282
Investor
Relations
lyahr@angelogordon.com