AG Mortgage Investment Trust, a angelo, Gordon-managed REIT planning to invest in residential mortgage assets, lowered the proposed deal size for its upcoming IPO on Wednesday. The New York, NY-based company now plans to raise $75 million by offering 3.8 million at a price of $20. The company had previously filed to offer 12.5 million at a price of $20. At the revised terms, AG Mortgage Investment Trust will raise -81% fewer proceeds than previously anticipated. AG Mortgage Investment Trust, which was founded in 1988, plans to list on the NYSE under the symbol MITT. Deutsche Bank Securities, Stifel Nicolaus Weisel, and RBC Capital Markets are the lead underwriters on the deal.
