AG Mortgage raises $69.6M in common stock offering, amends management agreement to add incentive fee

TPG Mortgage Investment Trust, Inc.

Issued 7M common shares at $9.9425 per share (underwriter price); net proceeds ~$69.6M after expenses.
Manager and CEO purchased 900,000 shares at $10.25 per share with no underwriting discounts.
Underwriters granted 30-day option for up to 1,050,000 additional shares.
Amended management agreement: adds annual incentive fee of 15% of adjusted net income above 8% cumulative hurdle; waived for FY2021 and FY2022.
Management agreement term extended to June 30, 2023, then renews annually unless terminated.

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