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Terra Property Trust Acquires 5.2% Stake In AG Mortgage Investment Trust; Says Stock Undervalued

Author: Benzinga Newsdesk | July 25, 2023 05:20pm

TPT believes that MITT is undervalued and intends to consider all options to unlock this value in a constructive manner for its stockholders, including, without limitation, a strategic combination involving MITT. TPT remains firmly committed to completing the merger contemplated by its executed merger agreement with Western Asset Mortgage Capital Corporation (NYSE:WMC) ("WMC") in the fourth quarter of 2023.

Posted In: MITT WMC


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