AG Mortgage Investment Trust (MITT) Q3 Earnings Match Estimates

AG Mortgage Investment Trust (MITT) reported Q2 earnings available for distribution (EAD) of $0.24 per share, matching its $0.24 dividend. Net interest income was $0.65 per share versus $0.45 per share of expenses and preferred dividends, yielding $0.20 net earnings. MITT expects >$1.25B securitizations in Q3, $7.7B portfolio, and $30M capital release from legacy commercial loan resolutions.

TPG Mortgage Investment Trust (MITT) agreed to acquire Cherry Hill Mortgage Investment (CHMI) in a definitive merger. CHMI common shareholders will receive 0.3063 MITT shares plus $0.93 cash per CHMI share, implying $3.10 per CHMI share. Pro forma, MITT holders own about 73% and CHMI about 27%. Deal expected to be accretive within one year; CHMI was up 15% premarket to $2.76.

Reuters reports that Apollo Global, Blackstone and other Wall Street firms are working with Nvidia on a $500 billion AI infrastructure financing package, citing a source. The plan would support chips, power and data centers. Nvidia shares fell more than 3% on the day. Nvidia previously said it would raise $25 billion via U.S. bond issuance.

WIA Gold said it signed indicative terms with Sprott Resource Lending to arrange $360m in construction debt for its Kokoseb gold project in Namibia, plus Sprott’s planned $15m purchase of WIA scrip in a future equity raise, subject to due diligence. WIA reported a definitive feasibility study forecasting 150,000 oz/y, 1.84m oz over 14 years, with $475m total capex and a 29% higher resource to 3.78m oz, using a $3,600/oz gold price.

Boeing said the U.S. Air Force awarded a $75 million undefinitized contract action to start initial production of the BSU-111/B payload delivery unit for the JDAM LR (GBU-75). Boeing said initial deliveries will go to the U.S. Navy. The BSU-111/B adds a wing-and-engine kit to extend range beyond 300 nautical miles, according to Boeing.

Taylor Farms is recalling about 20 fresh jalapeno-containing products, including dips, sandwiches, guacamole and sliced jalapenos, across 26 US states after a salmonella outbreak. The company said it has not identified illnesses linked to the products, but traced the source to a grower in Sinaloa, Mexico, and is switching suppliers. Retailers include Walmart, Target and Whole Foods.