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AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the "Company") announced today that it intends to make a public offering of 3,750,000 shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase up to 562,500 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 assets, and for general corporate purposes.
Credit Suisse Securities (USA) LLC is acting as the lead book-running manager for the offering. BofA Merrill Lynch, Nomura and Stifel Nicolaus Weisel are acting as book-running managers. 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
firstname.lastname@example.org; BofA Merrill Lynch at 222 Broadway, New York, NY 10038, Attention: Prospectus Department or by emailing
email@example.com; Stifel Nicolaus Weisel, Attn: Prospectus Department, One South Street, 15th Floor, Baltimore, MD 21201 or by calling 855-300-7136; and 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.
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.