SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 14, 2021
AG Mortgage Investment Trust, Inc.
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction of incorporation)||(Commission File Number)||(IRS Employer Identification No.)|
245 Park Avenue, 26th floor
New York, New York 10167
(Address of principal executive offices)
Registrant's telephone number, including area code: (212) 692-2000
(Former Name or Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|☐||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|☐||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|☐||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|☐||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)|
|Securities registered pursuant to Section 12(b) of the Act:|
|Title of each class:||Trading Symbols:||Name of each exchange on which registered:|
|Common Stock, $0.01 par value per share||MITT||New York Stock Exchange||(NYSE)|
|8.25% Series A Cumulative Redeemable Preferred Stock||MITT PrA||New York Stock Exchange||(NYSE)|
|8.00% Series B Cumulative Redeemable Preferred Stock||MITT PrB||New York Stock Exchange||(NYSE)|
|8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock||MITT PrC||New York Stock Exchange||(NYSE)|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 3.02 Unregistered Sales of Equity Securities.
On June 14, 2021, AG Mortgage Investment Trust, Inc. (the "Company") agreed to issue an aggregate of 1,289,406 shares of its common stock, par value $0.01 per share (the "Common Stock"), in exchange for an aggregate of 86,478 shares of 8.00% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share, and 154,383 shares of 8.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share (collectively, the "Preferred Stock"), pursuant to privately negotiated exchange agreements entered into with certain existing holders of the Preferred Stock. Subject to closing, the Preferred Stock exchanged pursuant to the exchange agreements will be reclassified as authorized but unissued shares of preferred stock without designation as to class or series and the Company will have outstanding 48,462,165 shares of Common Stock.
The Common Stock to be issued pursuant to the exchange agreements will be issued in reliance upon the exemption set forth in Section 3(a)(9) of the Securities Act of 1933 for securities exchanged by the issuer and existing security holders where no commission or other remuneration is paid or given directly or indirectly by the issuer for soliciting such exchange.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Date: June 14, 2021||AG MORTGAGE INVESTMENT TRUST, INC.|
|By:||/s/ JENNY B. NESLIN|
|Name: Jenny B. Neslin|
|Title: General Counsel and Secretary|