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AG Mortgage Investment prices an upsized $110 million IPO

June 29, 2011

AG Mortgage Investment Trust, an Angelo, Gordon-managed REIT planning to invest in residential mortgage assets, raised $110 million by offering 5.5 million shares at the proposed $20.00 offering price. The company had originally attempted to raise $250 million in April but postponed the offering and then cut the deal size to $75 million (3.75 million shares), before then upsizing the deal on Wednesday to a final $110 million offering. AG Mortgage Investment Trust plans to list on the NYSE under the symbol MITT. Deutsche Bank Securities, Stifel Nicolaus Weisel, and RBC Capital Markets acted as lead managers on the deal.