AG Mortgage Investment Trust (MITT) priced a public offering of 6 million shares in an effort to raise $135 million in proceeds.
The real estate investment trust, which invests in and acquires residential mortgage assets and real-estate securities, plans to use proceeds from the sale to buy more RMBS and other securities.
Funds raised from the offering also will be used for general corporate purposes.
The firm offered underwriters a 30-day option to buy 900,000 additional shares of common stock.
The offering will close on Aug. 15.
