Angel Oak Mortgage REIT (AOMR) Registration Filing summary

Company overview and business model

• Focuses on acquiring and investing in first lien non-qualified residential mortgage (non-QM) loans and other mortgage-related assets in the U.S. market.

• Strategy centers on credit-sensitive investments, primarily newly-originated first lien non-QM loans sourced from a proprietary lending platform with a national footprint.

• Externally managed by Falcons I, LLC, an affiliate of Angel Oak Capital, leveraging a vertically integrated platform and in-house expertise.

• Operates as a real estate investment trust (REIT) since 2019, aiming to generate attractive risk-adjusted returns through cash distributions and capital appreciation.

• Incorporated in Maryland in 2018, with principal offices in Atlanta, Georgia.

Financial performance and metrics

• Classified as a "smaller reporting company" and provides only two years of audited financial statements.

• Common stock commenced trading on the NYSE on June 17, 2021.

• As of June 18, 2024, 24,998,549 shares of common stock were issued and outstanding.

Use of proceeds and capital allocation

• Will not receive any proceeds from the sale of common stock by the selling stockholders; all proceeds go to the selling stockholders.