AG Mortgage Investment Trust, Inc. (MITT) said Friday that it has priced a public offering of 6 million shares of its common stock for total estimated gross proceeds of about $135 million.
The company has granted the underwriters a 30-day option to purchase 900,000 additional shares of its common stock.
The offering is expected to close on August 15.
The company expects to use the net proceeds from the offering to make additional acquisitions of residential mortgage-backed securities, other real estate-related securities, and for general corporate purposes.
Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering.
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