secwatch.observer — SEC 8-K summary
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Issuer:     TPG Mortgage Investment Trust, Inc. (MITT)
CIK:        0001514281
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001514281-24-000060
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514281/000151428124000060/0001514281-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514281/000151428124000060/mitt-20240326.htm
  HTML page:      https://secwatch.observer/filing/0001514281-24-000060

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