AG Mortgage Investment Trust, an Angelo Gordon-managed REIT planning to invest in residential mortgage assets, embarked on its road show following postponement in April. The New York, NY-based company lowered the proposed deal size for its upcoming IPO on Wednesday and now plans to raise $75 million by offering 3.8 million shares at a price of $20. The company had previously filed to offer 12.5 million shares 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, which is expected price June 29th.
