AG Mortgage Investment Trust Inc. (MITT) announced Wednesday that it intends to make a public offering of shares of an original issuance of Series B Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share.
The company said it intends to grant the underwriters a 30-day option to purchase additional shares of the Series B Preferred Stock to cover any overallotments. The Company also intends to apply to list the Series B Preferred Stock on the New York Stock Exchange.
The company stated that it expects to use the net proceeds from the offering to enhance its liquidity position, to acquire additional credit investments, consistent with its investment strategy, and for general corporate purposes.
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