Davidson Kempner Amends Angel Oak Mortgage REIT Filing

TL;DR

DKCM updated its Angel Oak REIT filing. Watch for ownership changes.

AI Summary

Davidson Kempner Capital Management LP has amended its Schedule 13D filing regarding Angel Oak Mortgage REIT, Inc. as of July 29, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or percentage changes are not detailed in this excerpt. The amendment pertains to common stock of the issuer.

Why It Matters

This amendment signals a potential shift in significant ownership stakes, which could influence the stock's trading activity and future corporate actions.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often precede significant market movements or strategic changes by large shareholders.

Key Players & Entities

• Angel Oak Mortgage REIT, Inc. (company) — Subject Company
• Davidson Kempner Capital Management LP (company) — Filing Party
• Common Stock (security) — Securities Subject to Filing

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 par value per share (Title of Class of
• $50,000,000 — the following: The Notes Offering for $50,000,000 of the Issuer's 9.500% Senior Notes due
• $11 — of Common Stock at a price per share of $11.7101, less an amount equal to $50,000.0
• $50,000 — re of $11.7101, less an amount equal to $50,000.00, for an aggregate amount of $19,949,
• $19,949,994 — $50,000.00, for an aggregate amount of $19,949,994.63, is expected to close as soon as pra

Filing Documents

• p24-2452sc13da.htm (SC 13D/A) — 56KB
• 0000902664-24-004889.txt ( ) — 58KB

(a)(ii) of the Schedule 13D is hereby amended and restated as follows

Item 2(a)(ii) of the Schedule 13D is hereby amended and restated as follows: (ii) Davidson Kempner Capital Management LP, a Delaware limited partnership and a registered investment adviser with the U.S. Securities and Exchange Commission, acts as investment manager to Xylem (" DKCM "). DKCM GP LLC, a Delaware limited liability company, is the general partner of DKCM. The managing members of DKCM are Anthony A. Yoseloff, Conor Bastable, Shulamit Leviant, Morgan P. Blackwell, Patrick W. Dennis, Gabriel T. Schwartz, Zachary Z. Altschuler, Joshua D. Morris, Suzanne K. Gibbons and Zachary E. Gozali (collectively, the " Managing Members "); and Item 4. PURPOSE OF TRANSACTION

of the Schedule 13D is hereby supplemented by the addition of the following

Item 4 of the Schedule 13D is hereby supplemented by the addition of the following: The Notes Offering for $50,000,000 of the Issuer's 9.500% Senior Notes due 2029 closed on July 25, 2024, thereby satisfying the sole material condition to the Share Repurchase. Consequently, pursuant to the terms of the Stock Repurchase Agreement, the Share Repurchase of 1,707,922 shares of Common Stock at a price per share of $11.7101, less an amount equal to $50,000.00, for an aggregate amount of $19,949,994.63, is expected to close as soon as practicable following the closing of the Notes Offering. CUSIP No. 03464Y108 SCHEDULE 13D/A Page 6 of 7 Pages Item 5. INTEREST IN SECURITIES OF THE ISSUER Items 5(a)-(c) of the Schedule 13D are hereby amended and restated as follows: (a) See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of shares of Common Stock and percentages of the Common Stock beneficially owned by each of the Reporting Persons. The percentages used in this Schedule 13D are calculated based upon 23,290,627 shares of Common Stock, which is the difference obtained by subtracting (i) the 1,707,922 shares of Common Stock repurchased by the Issuer pursuant to the Stock Repurchase Agreement, from (ii) 24,998,549 shares of Common Stock issued and outstanding as of June 18, 2024, as reported in the Issuer's Registration Statement on Form S-3 filed with the Securities and Exchange Commission on June 27, 2024. (b) See rows (7) through (10) of the cover pages to this Schedule 13D for the number of shares of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. (c) See Item 4. Other than as set forth herein, there have been no transactions in the shares of Common Stock effected by the Reporting Persons since the filing of Amendment No. 2. CUSIP No. 03464Y108 SCHEDULE 13D/A Page 7 of 7 Pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: July 29, 2024 /s/ Anthony A. Yoseloff ANTHONY A. YOSELOFF, ( i) individually, (ii) as Executive Managing Member of: (a) Davidson Kempner Capital Management LP, (x) for itself and (y) as Investment Manager of Xylem Finance LLC.

View Full Filing

View this SC 13D/A filing on SEC EDGAR