AG Mortgage Investment Trust, Inc. Announces the Appointment of Jason Biegel
as Managing Director at Angelo, Gordon & Co.
NEW YORK -- February 28, 2013
AG Mortgage Investment Trust, Inc. (NYSE: 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
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
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