MITT files pro forma for WMC acquisition; pro forma EPS $0.16, bargain gain $30.2M

TPG Mortgage Investment Trust, Inc.

Pro forma net income available to common $4.9M for 2023; basic EPS $0.16 on 29.6M shares.
Bargain purchase gain of $30.2M recorded on acquisition of WMC; total consideration $51.2M.
Exchange ratio 1.498 MITT shares per WMC share plus $0.92 cash from manager; 9.2M shares issued.
Management fee waivers of $2.4M over four quarters and $1.3M expense reimbursement offset post-closing.
Deconsolidation of CSMC USA VIE removed $79.4M of interest income and expense from pro forma.

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