secwatch.observer — SEC 8-K summary
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Issuer:     TPG Mortgage Investment Trust, Inc. (MITT)
CIK:        0001514281
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001514281-21-000136
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514281/000151428121000136/0001514281-21-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514281/000151428121000136/mitt-20211117.htm
  HTML page:      https://secwatch.observer/filing/0001514281-21-000136

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