AG Mortgage Investment Trust, Inc. (MITT)

[Johnstonj27]

Look at snapshot from Q3 10-Q

THIRD QUARTER 2020 FINANCIAL SNAPSHOT

$0.44 of Net Income per diluted common share(1)
Record high quarterly profitability at Arc Home driven by strong origination volumes and gain on sale margins
$3.34 Book Value per share(1) as of September 30, 2020, compared to $2.75 as of June 30, 2020
Book Value per share(1) would be $0.31 and $0.17 lower after deduction of the accumulated and unpaid preferred dividends outstanding as of September 30, 2020 and June 30, 2020, respectively
$1.1 billion Investment Portfolio and 0.9x Economic Leverage Ratio as of September 30, 2020 as compared to $1.0 billion and 0.8x, respectively, as of June 30, 2020(2)(3)(4)
$242.8 million of MTM recourse financing and $476.0 million of non-MTM non-recourse financing as of September 30, 2020 as compared to $278.7 million of MTM recourse financing and $409.6 million of non-MTM non-recourse financing as of June 30, 2020(a)
At September 30, 2020, had total liquidity of $82.4 million inclusive of $44.6 million of cash and $37.8 million of unencumbered agency fixed rate securities as compared to total liquidity of $68.2 million as of June 30, 2020
Capital Activity
Exchanged 516,300 shares of common stock for 103,260 shares of preferred stock in the public Exchange Offer
Utilized ATM program to issue approximately 0.4 million shares of common stock for net proceeds of approximately $1.2 million
Issued 1.4 million shares of common stock to the Manager in satisfaction of deferred base management fees of approximately $4.3 million
Shares issued to the Manager were valued at $3.15 per share based on estimated book value per share as of August 31, 2020