AG Mortgage declares $0.18 first quarter dividend By Investing.com

NEW YORK – AG Mortgage (NYSE:) Investment Trust, Inc. (NYSE: MITT), a residential mortgage real estate investment trust (REIT), has announced a dividend of $0.18 per common share for the first quarter of 2024. Shareholders on record by March 29, 2024, will be eligible for the dividend, which is scheduled for payment on April 30, 2024.

The company, which specializes in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. market, is managed by AG REIT Management, LLC. This subsidiary is part of Angelo, Gordon & Co., L.P., operating under the TPG umbrella, a leading global alternative investment firm.

The announcement comes amid the backdrop of TPG Angelo Gordon’s recent change in assets under management (AUM) calculation methodology. As of December 31, 2023, the platform reported approximately $78 billion in AUM, a figure that includes fund-level asset-related leverage.

This figure stands in contrast to the $53 billion AUM reported at the end of the previous year, which did not account for leverage. The significant increase is attributed to the change in calculation methods rather than a material change in the company’s investment advisory business.

Investors in AG Mortgage Investment Trust can access further details on the company’s website, while those interested in the broader operations of TPG Angelo Gordon can explore the services they offer on their official site. The information contained in this article is based on a press release statement from AG Mortgage Investment Trust, Inc.

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