AG MIT (MITT) to Sell 20M Shares in IPO

April 5, 2011 11:01 AM EDT
AG Mortgage Investment Trust, Inc. (NYSE: MITT) filed an amended registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. AG plans to offer 20 million shares and sees a proposed maximum offering price of $345 million. AG filed to list its shares on the New York Stock Exchange under the ticker "MITT."

The offering is being made through BofA Merrill Lynch, J.P. Morgan, UBS Investment Bank, JMP Securities, RBC Capital Markets, Stifel Nicolaus Weisel, Lazard Capital Markets, National Securities, and SMBC Nikko.

AG Mortgage Investment Trust, Inc. is a newly-formed Maryland corporation that will invest in, acquire and manage a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which it refers to as its 'target assets.'


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