AG Mortgage Investment Trust, Inc. Announces the Appointment of Jason Biegel as Managing Director at Angelo, Gordon & Co.
NEW YORK--(BUSINESS WIRE)-- AG Mortgage Investment Trust, Inc. (NYS: MITT) (the "Company") today announced that Angelo, Gordon & Co., L.P., the parent of the Company's external manager, has appointed Jason Biegel a Managing Director and that he has joined its Residential and Consumer Debt team. In this role at Angelo, Gordon, he will have primary responsibility for building out a residential whole loan platform that will enable the Company to expand its investments in residential whole loans, mortgage servicing rights and other similar assets.
Mr. David Roberts, Chairman and CEO of the Company, commented, "Jason has over 20 years of experience in whole loan capital markets and mortgage fixed income markets, and accordingly we are delighted to have him join Angelo, Gordon to help lead MITT's expansion into the residential whole loan space." Mr. Roberts further commented, "His in-depth knowledge and background will help us drive value for MITT's shareholders as we grow our investment and origination capabilities."
Prior to joining Angelo, Gordon, Mr. Biegel previously served as Managing Director at Lone Star Funds, where he was the head of the residential whole loan business platform and responsible for its design and implementation. Prior to that, he held senior positions at Bear, Stearns & Co., including Senior Managing Director, Mortgage Trading.
About AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. is a real estate investment trust that invests in, acquires and manages a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., an SEC-registered investment adviser that specializes in alternative investment activities. Please visit the Company's website at www.agmit.com.
This press release contains "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including with regard to any expansion of the Company's investments. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as guarantees of future performance or predictions of future events. Words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions are intended to identify such forward-looking statements. These forward looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect us. Additional information concerning these and other risk factors is contained in the Company's most recent filings with the Securities and Exchange Commission. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
AG Mortgage Investment Trust, Inc.
Lisa Yahr, 212-692-2282
KEYWORDS: United States North America New York
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