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 newly-originated first lien non-QM loans sourced from a proprietary lending platform with a national footprint.

• Externally managed by an affiliate of Angel Oak Capital, leveraging a vertically integrated platform for origination, analytics, and investment management.

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

Financial performance and metrics

• Qualifies as a smaller reporting company, providing only two years of audited financial statements and reduced disclosure obligations.

• Common stock commenced trading on the NYSE in June 2021; recent closing price was $12.03.

Use of proceeds and capital allocation

• Net proceeds from securities offerings will be used for general corporate purposes, including funding investment activity, debt repayment, and working capital.

• Specific allocation details will be provided in future prospectus supplements.