AG Mortgage Investment earnings grow, book slips in Q4

• Q4 core earnings of $18.4M or $0.65 per share vs. $17.8M and $0.63 in Q3. Dividend is $0.60.
• Book value per share of $20.13 slips from $20.33 at end of Q3. Last night's close of $18.90 is a 6.1% discount to book.
• Economic return for the quarter of 2%, for the year of 17.7%.
• Portfolio size of $3.7B vs. $3.6B at end of Q3. 55.4% agency MBS and 44.6% credit-related - roughly the same ratios as Q3.
• 8.8% CPR on agency holdings in Q4 vs. 9.4% in Q3. 7.4% for January.
• Conference call at 9:30 ET
• Previously: AG Mortgage Investment Trust reports Q4 results (Feb. 26)
• MITT flat premarket