Overview
Description
AG Mortgage Investment Trust Preferred Stock 9.5% 05/15/29 is a type of preferred equity security issued by AG Mortgage Investment Trust, Inc. This specific preferred stock offers a fixed annual dividend yield of 9.5% and has a call date of May 15, 2029. Preferred stocks like this one hold a priority over common equity in terms of dividend payments, making them an attractive option for income-seeking investors.
AG Mortgage Investment Trust is focused on acquiring, investing, and managing a diversified portfolio of residential mortgage assets, other real estate-related securities, and financial assets. The issuance of preferred stock provides AG Mortgage Investment Trust with capital to finance its investment activities while offering investors a stable income through regular dividend payments. The 9.5% yield indicates a relatively high return, which reflects the issuer's need to attract capital amidst market conditions. In the broader market context, this preferred stock plays a crucial role in offering investors an opportunity to earn fixed income while participating indirectly in the residential mortgage market dynamics. This allows investors to balance their portfolios with income-generating securities amid varying market cycles.
About
CEO
Employees
0
Address
—
Phone
—
Website
—
Instrument type
Exchange-Traded note
Sector
Industry
Country
United States
MIC code
XNYS