other material
confidence high
sentiment neutral
materiality 0.60
AG Mortgage Investment Trust completes 1-for-3 reverse stock split; par value cut to $0.01
TPG Mortgage Investment Trust, Inc.
- 1-for-3 reverse stock split effective after close July 22, 2021; common shares began split-adjusted trading July 23 on NYSE.
- Par value reduced from $0.03 to $0.01 per share immediately following the split.
- Fractional shares will be paid in cash based on closing price on the effective date.
- Authorized shares unchanged; no effect on preferred stock series.
- New CUSIP number for common stock: 001228 501; ticker 'MITT' unchanged.