Angel Oak REIT manager acquired by Brookfield; new management agreement effective

Angel Oak Mortgage REIT, Inc.

Brookfield acquired a majority stake in Angel Oak Companies, external manager of AOMR.
New management agreement replaces prior one; no termination fee paid.
CEO Sreeni Prabhu costs not reimbursable unless 100% dedicated to AOMR and approved by independent directors.
Day-to-day management and investment strategy of AOMR unchanged per the company.
Angel Oak has over $22B AUM; prior management agreement terminated effective Oct 1, 2025.

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