NEW YORK--(BUSINESS WIRE)--Sep. 11, 2017-- AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that its Board of Directors has declared a dividend of $0.475 per common share for the third quarter of 2017 and a special cash dividend of $0.10 per common share. The combined dividend of $0.575 is payable on October 31, 2017 to shareholders of record at the close of business on September 29, 2017, with an ex-dividend date of September 28, 2017. The declaration of the $0.10 special dividend primarily relates to the settlement by Bank of America with RMBS investors related to mortgages sold by its Countrywide unit. This event generated additional taxable income for the Company in 2016 and the declaration of the combined dividend fulfills our 2016 taxable income distribution requirement.
About AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. is a real estate investment trust that invests in, acquires and manages a diversified portfolio of residential and commercial mortgage assets, other real estate-related securities and financial assets. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., an SEC-registered investment adviser that specializes in alternative investment activities. For additional information, please visit our website at www.agmit.com.
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Source: AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc.
Karen Werbel - Investor Relations