Terra Property Trust acquires 5.2% stake in AG Mortgage Investment Trust (MITT)to unlock value

Key Summary: On April 12, 2022, Hill Country Asset Management disclosed an 8.6% stake in the company and announced plans to engage with the board and management on operations, performance, and compensation practices to increase shareholder value. On July 25, 2023, Terra Property Trust (5.2%) announced intentions to discuss enhancing shareholder value, including a potential strategic combination involving the company.

Market Cap: $133 million | AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. 

On April 12, 2022, Hill Country Asset Management disclosed an 8.6% active stake in the company and stated that it intends to engage with the board and management team regarding its operations, performance, and compensation practices, including the company’s management relationship with affiliates of Angelo, Gordon & Co. and the company’s share buy-back program.  Hill Country Asset Management seeks to engage with the company to increase shareholder value. Source

On July 25, 2023, Terra Property Trust (5.2%) issued a press release announcing its intention to engage in communications with the management team and board regarding opportunities to enhance shareholder value, including, without limitation, a strategic combination involving the company.