---
schema_version: "secwatch.filing_event.v1"
accession: "0001514281-23-000070"
form_type: "8-K"
ticker: "MITT"
cik: "0001514281"
company_name: "TPG Mortgage Investment Trust, Inc."
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T08:42:51.990187+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MITT offers $9.88/sh for WMC, 18.2% premium, in stock/cash bid

## Summary
- Implied price $9.88/share ($8.90 stock + $0.98 cash); 18.2% premium to WMC's July 12 close.
- Fixed exchange ratio of 1.468 MITT shares per WMC share; Angelo Gordon contributes up to $7M cash.
- Proposal follows WMC's June 28 merger with non-traded REIT Terra Property Trust; MITT claims superior value.
- No financing condition, no acceleration of WMC convertible debt, and MITT stock is NYSE-listed with observable value.
- Angelo Gordon ($73B AUM) supports deal with $7M cash; MITT manager to waive $2.4M management fees post-close.

## SEC filing metadata
- accession: 0001514281-23-000070
- form_type: 8-K
- ticker: MITT
- cik: 0001514281
- company_name: TPG Mortgage Investment Trust, Inc.
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514281/000151428123000070/0001514281-23-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514281/000151428123000070/mitt-20230713.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001514281-23-000070
- JSON: https://secwatch.observer/filing/0001514281-23-000070.json
- Plain text: https://secwatch.observer/filing/0001514281-23-000070.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.