AG Mortgage Investment Trust Inc : AG Mortgage Investment Trust, Inc. Announces Public Offering of Common Stock
08/09/2012| 04:55pm US/Eastern
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AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company")
announced today that it intends to make a public offering of 5,000,000
shares of its common stock. The Company intends to grant the
underwriters a 30-day option to purchase 750,000 additional shares of
its common stock.
The Company expects to use the net proceeds from the offering to make
additional acquisitions of residential mortgage-backed securities, other
real estate-related securities, and for general corporate purposes.
Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, and
Citigroup Global Markets Inc. are acting as joint book-running managers
for the offering.
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: Deutsche Bank Securities Inc., Attention:
Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling
(800) 503-4611, or by e-mailing prospectus.cpdg@db.com;
Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, New
York 10010, Attention: Prospectus Department, by calling (800) 221-1037;
or Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th
Street, 8th Floor, Brooklyn, NY 11220, by calling (800) 831-9146.
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, and our Quarterly Report on Form 10-Q for the quarter
ended June 30, 2012, which have 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.
AG Mortgage Investment Trust, Inc.
Lisa Yahr, 212-692-2282
Investor
Relations
lyahr@angelogordon.com
© Business Wire 2012
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