Business Context and Reporting Period
This Form 8-K Current Report was filed by AG Mortgage Investment Trust, Inc. (note: the request metadata lists "TPG Mortgage Investment Trust, Inc.", but the filing text identifies the registrant as "AG Mortgage Investment Trust, Inc.") on August 14, 2012, regarding events occurring on August 10, 2012. The filing discloses the execution of an Underwriting Agreement for a public offering of common stock.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures. The primary financial event disclosed is a capital raise through the issuance of equity.
- Shares Issued: 6,000,000 shares of common stock.
- Option Exercised: Underwriters exercised an option to purchase an additional 900,000 shares.
- Total Shares: 6,900,000 shares.
- Par Value: $0.01 per share.
- Underwriters: Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, and Citigroup Global Markets Inc.
Material Changes
The material change reported is the agreement to sell 6,900,000 shares of common stock. The closing of this offering was expected to occur on August 15, 2012, subject to customary closing conditions. The shares were issued pursuant to a shelf registration statement on Form S-3 declared effective on July 20, 2012.
Guidance, Outlook, and Risks
The filing does not contain management commentary on future guidance, outlook, or specific risk factors beyond the standard disclosure that the closing is subject to customary conditions. The material terms of the Underwriting Agreement are incorporated by reference to the Prospectus Supplement dated August 10, 2012.
Investor Verification Checklist
- Verify the final closing date of the offering (expected August 15, 2012) and confirm the actual proceeds received.
- Review the Prospectus Supplement dated August 10, 2012, to determine the public offering price per share and total gross proceeds.
- Confirm the use of proceeds as detailed in the Prospectus Supplement.
- Check subsequent filings to ensure the customary closing conditions were satisfied.