AG Mortgage Investment Trust, Inc. Announces New Nominee to Stand for Election to Board of Directors
March 21 2022 - 4:15PM
Business Wire
Matthew Jozoff has over 30 years of experience in mortgage
origination, fixed income and finance industries
AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”)
is pleased to announce Matthew Jozoff has been nominated to join
the Board of Directors (the “Board”) and will stand for election at
its upcoming Annual Shareholders Meeting on May 2, 2022.
Mr. Jozoff will bring to the Board significant expertise in the
mortgage origination and securitization industries, which closely
aligns with the Company’s residential mortgage origination and
securitization strategy focus. Until 2021, Mr. Jozoff served as a
Managing Director and Co-Head of Fixed Income, Currencies,
Commodities, and Index Research at J.P. Morgan Chase & Co.
Prior to that, he served in various other senior roles at J.P.
Morgan, including as Head of Rates and Securitized Products
Research (2013-2019) and Head of Mortgage/Securitized Products
Research (2006-2013). Prior to joining J.P. Morgan in 2006, Mr.
Jozoff was a Vice President and Head of Mortgage Strategy at
Goldman Sachs & Co. Mr. Jozoff began his career in the mortgage
research division at Lehman Brothers. Mr. Jozoff holds a Bachelor
of Arts from Princeton University and a Master of Business
Administration from the University of Pennsylvania. Mr. Jozoff is
currently a Managing Director at Radkl, a quantitative trading firm
for digital assets and cryptocurrencies.
“We are incredibly pleased to announce Matt Jozoff as an
independent director nominee,” said T.J. Durkin, President of the
Company. “As we continue to execute our strategy as a dedicated
pure-play residential mortgage REIT, the MITT Board and management
team look forward to tapping into Matt’s deep knowledge of the
mortgage origination and securitization business, along with his
decades of leadership experience. We’re confident that his addition
to the Board will enhance and strengthen the diversity of skill
sets and experience on the Board.”
Joseph LaManna, who has served as a member of the Board since
the Company’s initial public offering in 2011 and currently serves
as the Lead Independent Director, will not stand for reelection to
the Company’s Board of Directors at its 2022 Annual Shareholders
Meeting. In connection with Mr. LaManna not standing for
reelection, the Board has made the following corporate governance
changes, to take effect following the 2022 Annual Shareholders
Meeting:
- Debra Hess, who joined the Board in 2018 and currently serves
as Chair of the Audit Committee, will be appointed to the positions
of Lead Independent Director and Chair of the Nominating and
Corporate Governance Committee.
- Dianne Hurley, who joined the Board in 2020 and currently
serves as a member of the Audit Committee, will be appointed as
Chair of the Audit Committee. Following this appointment, Ms. Hess
will remain a member of the Audit Committee.
- Matthew Jozoff will be appointed as a member of the Audit and
Compensation Committees.
“On behalf of management and the Board, I want to sincerely
thank Joe LaManna for his decade-plus tenure on the MITT Board. We
are grateful for Joe’s many contributions, including his leadership
and guidance,” said David Roberts, CEO and Chairman of the Board.
“We are also truly excited to appoint Debra Hess as Lead
Independent Director,” Mr. Roberts added. “We believe that her
strong and thoughtful leadership as Chair of the Audit Committee,
her tenure on our Board, and her prior public company board and
executive experience make her well suited to take on the Lead
Independent Director role and ensure a smooth transition.”
About AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. is a residential mortgage
REIT with a focus on investing in a diversified risk-adjusted
portfolio of residential mortgage-related assets in the U.S.
mortgage market. AG Mortgage Investment Trust, Inc. is externally
managed and advised by AG REIT Management, LLC, a subsidiary of
Angelo, Gordon & Co., L.P., a leading privately-held
alternative investment firm focusing on credit and real estate
strategies.
Additional information can be found on the Company’s website at
www.agmit.com.
About Angelo Gordon
Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately
held limited partnership founded in November 1988. The firm
currently manages approximately $51 billion with a primary focus on
credit and real estate strategies. Angelo Gordon has over 600
employees, including more than 200 investment professionals, and is
headquartered in New York, with associated offices elsewhere in the
U.S., Europe and Asia. For more information, visit
www.angelogordon.com.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond the Company’s control, and
may cause actual results to differ significantly from those
expressed in any forward-looking statement. Factors that may cause
such a difference, include, without limitation, the Company’s
ability to execute its strategy, whether any of the anticipated
benefits of the Company’s strategy will be realized, and other
risks and uncertainties, including those detailed in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2021 and
its other reports filed from time to time with the U.S. Securities
and Exchange Commission. All forward-looking statements reflect the
Company’s good faith beliefs, assumptions and expectations, but
they are not guarantees of future performance. The Company cautions
investors not to unduly rely on any forward-looking statements.
The forward-looking statements speak only as of the date of this
press release. The Company is under no duty to update any of these
forward-looking statements after the date of this press release,
nor to conform prior statements to actual results or revised
expectations, and the Company does not intend to do so.
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AG Mortgage Investment Trust, Inc. Investor Relations
(212) 692-2110 ir@agmit.com
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