---
schema_version: "secwatch.filing_event.v1"
accession: "0001514281-23-000122"
form_type: "8-K"
ticker: "MITT"
cik: "0001514281"
company_name: "TPG Mortgage Investment Trust, Inc."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:43:46.301709+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AG Mortgage & Western Asset Mortgage set final merger exchange ratio at 1.498; close expected Nov 9

## Summary
- Final exchange ratio: 1.498 MITT shares per WMC share, plus up to $7M cash from MITT Manager (lesser of $7M or ~9.9% of aggregate consideration).
- Ratio slightly lower than base 1.50 due to transaction expense adjustments as of Sept 30, 2023.
- Special stockholder meetings for MITT (Nov 7, 10:00 AM ET) and WMC (Nov 7, 9:00 AM PT) to approve merger.
- Expected closing date: November 9, 2023, subject to stockholder approvals and customary conditions.
- Any cash difference between $7M and the 9.9% cap will offset reimbursable expenses post-closing.

## SEC filing metadata
- accession: 0001514281-23-000122
- form_type: 8-K
- ticker: MITT
- cik: 0001514281
- company_name: TPG Mortgage Investment Trust, Inc.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514281/000151428123000122/0001514281-23-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514281/000151428123000122/mitt-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001514281-23-000122
- JSON: https://secwatch.observer/filing/0001514281-23-000122.json
- Plain text: https://secwatch.observer/filing/0001514281-23-000122.txt

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