AG Mortgage Investment Trust Changes Auditors
Ticker: MITP · Form: 8-K · Filed: Mar 19, 2024 · CIK: 1514281
| Field | Detail |
|---|---|
| Company | Ag Mortgage Investment Trust, Inc. (MITP) |
| Form Type | 8-K |
| Filed Date | Mar 19, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: MITT
TL;DR
MITT just swapped auditors from Deloitte to PwC, effective March 15th.
AI Summary
AG Mortgage Investment Trust, Inc. announced on March 15, 2024, a change in its certifying accountant. The company has appointed PricewaterhouseCoopers LLP as its new independent registered public accounting firm, replacing Deloitte & Touche LLP. This change is effective immediately.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: low — The filing solely concerns a change in the company's independent auditor, which is a routine administrative event.
Key Players & Entities
- AG Mortgage Investment Trust, Inc. (company) — Registrant
- PricewaterhouseCoopers LLP (company) — New Certifying Accountant
- Deloitte & Touche LLP (company) — Former Certifying Accountant
- March 15, 2024 (date) — Effective date of auditor change
FAQ
Who is AG Mortgage Investment Trust, Inc.'s new independent registered public accounting firm?
AG Mortgage Investment Trust, Inc. has appointed PricewaterhouseCoopers LLP as its new independent registered public accounting firm.
Who was AG Mortgage Investment Trust, Inc.'s previous independent registered public accounting firm?
AG Mortgage Investment Trust, Inc.'s previous independent registered public accounting firm was Deloitte & Touche LLP.
When did the change in certifying accountant become effective?
The change in certifying accountant became effective on March 15, 2024.
Does the filing indicate any disagreements with the former auditor?
The filing does not mention any disagreements with the former auditor, Deloitte & Touche LLP.
What is the ticker symbol for AG Mortgage Investment Trust, Inc.?
The ticker symbol for AG Mortgage Investment Trust, Inc. is MITT.
Filing Stats: 925 words · 4 min read · ~3 pages · Grade level 12.6 · Accepted 2024-03-19 16:24:52
Key Financial Figures
- $0.01 — nge on which registered: Common Stock, $0.01 par value per share MITT New York Stock
Filing Documents
- mitt-20240315.htm (8-K) — 37KB
- mitt-ex161letterfrompwc.htm (EX-16.1) — 8KB
- image_1.jpg (GRAPHIC) — 2KB
- 0001514281-24-000047.txt ( ) — 236KB
- mitt-20240315.xsd (EX-101.SCH) — 3KB
- mitt-20240315_def.xml (EX-101.DEF) — 17KB
- mitt-20240315_lab.xml (EX-101.LAB) — 32KB
- mitt-20240315_pre.xml (EX-101.PRE) — 18KB
- mitt-20240315_htm.xml (XML) — 6KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. On March 15, 2024, the Audit Committee of the Board of Directors of AG Mortgage Investment Trust, Inc. (the "Company") dismissed PricewaterhouseCoopers LLP ("PwC") as the Company's independent registered public accounting firm and approved the appointment of Deloitte & Touche LLP ("Deloitte") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, effective immediately. On November 1, 2023, TPG Inc. ("TPG") completed the previously announced acquisition of Angelo, Gordon & Co., L.P. ("TPG Angelo Gordon"), pursuant to which TPG Angelo Gordon, including the Company's manager, became indirect subsidiaries of TPG. Deloitte is the independent registered public accounting firm of TPG. PwC's reports on the Company's consolidated financial statements as of and for each of the two most recent fiscal years (fiscal years ended December 31, 2023 and 2022) did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the Company's two most recent fiscal years (fiscal years ended December 31, 2023 and 2022) and the subsequent interim period through March 15, 2024, there were no (i) disagreements (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions thereto) with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to the satisfaction of PwC, would have caused PwC to make reference thereto in its reports covering the Company's consolidated financial statements for such periods and (ii) reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K). The Company provided PwC with a copy of this Current Report on Form 8-K and requested that PwC furnish to the Company a letter addressed to the U.S. Securities and Exchange Commission (the "SEC
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 16.1 Letter from PricewaterhouseCoopers LLP to the Securities and Exchange Commission, dated March 19, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 19, 2024 AG MORTGAGE INVESTMENT TRUST, INC. By: /s/ JENNY B. NESLIN Name: Jenny B. Neslin Title: General Counsel and Secretary