other material
confidence high
sentiment neutral
materiality 0.55
AG Mortgage Investment Trust enters $75M at-the-market equity offering with four agents
TPG Mortgage Investment Trust, Inc.
- Company may sell up to $75M of common stock through BTIG, JonesTrading, KBW, Piper Sandler.
- Proceeds will be used for general corporate purposes, including acquiring target residential investments.
- Each sales agent receives up to 2.0% of gross sales price per share sold.
- Prior equity distribution agreements with Credit Suisse and JMP Securities were terminated on November 6, 2024.
- Shares offered via Rule 415(a)(4) 'at-the-market' sales on NYSE or other trading markets.