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AG Mortgage Investment Trust Inc Announces Pricing Of Public Offering Of Common Stock

Thursday, 20 Dec 2012 09:11am EST 

AG Mortgage Investment Trust Inc announced 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. 

Company Quote

0.07 +0.36%
22 Aug 2014