AG Mortgage Investment Trust, Inc. Stockholders Approve Issuance Of Common Stock In Merger With Western Asset Mortgage Capital Corporation
Portfolio Pulse from Benzinga Newsdesk
AG Mortgage Investment Trust, Inc. (MITT) stockholders have approved the issuance of common stock for the merger with Western Asset Mortgage Capital Corporation (WMC). The merger is expected to close in Q4 2023, subject to approval from WMC's stockholders and other closing conditions.
November 07, 2023 | 10:09 pm
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POSITIVE IMPACT
MITT stockholders have approved the issuance of common stock for the merger with WMC. This could potentially increase the company's equity base.
The approval of the issuance of common stock for the merger could potentially increase MITT's equity base, which could strengthen the company's financial position. This could potentially have a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The merger with MITT is subject to approval from WMC's stockholders and other closing conditions. If approved, this could potentially increase the company's market reach.
The merger with MITT is subject to approval from WMC's stockholders. If approved, this could potentially increase WMC's market reach, which could have a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100