AG Mortgage Investment Trust, Inc. announced that its Board of Directors has appointed T.J. Durkin as the Company's Chief Executive Officer, effective October 1, 2022. In addition to the new CEO role, Mr. Durkin will continue his roles as the Company's President and as a member of the Board. David Roberts, who has served as the Company's CEO since its initial public offering in 2011, will resign as the Company's Chairman and CEO and as a member of the Board, in connection with his pending retirement as a partner at Angelo, Gordon & Co., L.P. on September 30, 2022.

Following his retirement, Mr. Roberts plans to pursue his interests in philanthropy and public policy. Debra Hess, currently the Company's Lead Independent Director, has been appointed by the Board to the position of Non-Executive Chair of the Board, effective October 1, 2022. As a seasoned real estate and mortgage industry executive, Ms. Hess brings over 25 years of investment and leadership experience, as well as a deep knowledge of MITT's business.

Nicholas Smith, the Company's Chief Investment Officer, will become a member of the Board effective October 1, 2022. Mr. Smith is the head of Angelo Gordon's residential whole loan business and brings significant experience in specialized structured credit trading and capital markets.