AG Mortgage Investment Trust, Inc. (MITT) Company Bio
AG Mortgage Investment Trust invests in, acquires and manages a diversified portfolio of residential and commercial mortgage assets, other real estate-related securities and financial assets. The company was founded in 2011 and is based in New York, New York.
KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of investors who sustained losses in excess of $100,000 from the recommended purchase of AG Mortgage Investment Trust, Inc. (NYSE:MITT) ("MITT") a Real Estate Investment Trust ("REIT"). MITT closed at 16.52 on February 21, 2020, prior to the significant market event that was precipitated by COVID-19. Today, MITT trades at 1.92, or more than 85% lower than its market value on February 21, 2020. This investment may have been marketed and sold to investors who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks by their full-service brokerage firm or their financial advisor.
NEW YORK, NY / ACCESSWIRE / March 31, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of AG Mortgage Investment Trust, Inc. ("AG Mortgage" or "the Company") (MITT). The investigation concerns whether AG Mortgage and certain of its officers and/or directors have violated federal securities laws. On March 27, 2020, AG Mortgage issued a press release disclosing that "[s]ince March 23, 2020, the Company and several of its subsidiaries have received notifications from several financing counterparties of alleged events of default under their financing agreements, and of certain of those counterparties' intentions to accelerate the Company's and such subsidiaries' performance obligations under the relevant agreements."