secwatch.observer — SEC 8-K summary
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Issuer:     TPG Mortgage Investment Trust, Inc. (MITT)
CIK:        0001514281
Form:       8-K/A
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001514281-23-000163
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MITT closes WMC merger; pro forma shows $45.7M bargain purchase gain, $122.3M pro forma net loss for 2022
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- Each WMC share converted into 1.498 MITT shares plus $0.92 cash from MITT Manager; ~9.2M MITT shares issued.
- Total consideration ~$51.3M; preliminary bargain purchase gain of $45.7M recorded.
- Pro forma combined total assets $6.09B, total equity $537.8M as of Sep 30, 2023.
- Pro forma net loss available to common: ($4.5M) for 9M 2023, ($122.3M) for FY 2022.
- MITT Manager waives $1.3M in reimbursable expenses and reduces base fee by $2.4M over four quarters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514281/000151428123000163/0001514281-23-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514281/000151428123000163/mitt-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001514281-23-000163

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