AG Mortgage Investment Trust is planning a public offering of 5,000,000 shares of its common stock. The net proceeds of which will be used to make more purchases of RMBS, other real estate-related securities and for general corporate pursposes.
The company will also give the underwriters a 30-day option to purchase 750,000 added shares of its common stock.
Deutsche Bank Securities, Credit Suisse, and Citigroup Global Markets are acting as joint bookrunners for the deal.
The REIT buys, acquires and manages a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets.
