Angel Oak Mortgage REIT enters $200 million repurchase facility to bolster credit-sensitive investments.

Angel Oak Mortgage REIT has entered a $200 million repurchase facility. The REIT focuses on acquiring and investing in first lien non-qualified residential mortgage loans and other mortgage-related assets in the US mortgage market. Its objective is to generate attractive risk-adjusted returns for shareholders through cash distributions and capital appreciation. The company's strategy is to make credit-sensitive investments in newly originated non-QM loans, primarily sourced from its mortgage lending platform, Angel Oak Mortgage Lending.

Angel Oak Mortgage REIT, Inc. (AOMN) has entered into a $200 million repurchase facility to enhance its liquidity and operational flexibility. The REIT specializes in acquiring and investing in first lien non-qualified residential mortgage loans and other mortgage-related assets within the U.S. mortgage market. Its strategic objective is to generate attractive risk-adjusted returns for shareholders through cash distributions and capital appreciation.

The repurchase facility, which is part of the company's broader financial strategy, will allow AOMN to manage its capital more effectively and facilitate its growth initiatives. The REIT focuses on making credit-sensitive investments in newly originated non-qualified mortgage (non-QM) loans, primarily sourced from its mortgage lending platform, Angel Oak Mortgage Lending. This approach aligns with the company's objective to provide investors with a diversified portfolio of mortgage-related assets.

In a recent development, Brookfield Asset Management Ltd. (BAM) announced a strategic partnership to acquire a majority stake in AOMN, adding residential mortgage credit capabilities to its $332 billion credit platform. This partnership is expected to accelerate AOMN's growth and reinforce Brookfield's strategy of combining specialist credit managers with its direct investment capabilities across various credit sectors Brookfield Completes Majority Stake Acquisition In $22 Bln Angel Oak To Boost Credit Unit^[2].

Angel Oak Mortgage REIT was founded in 2008 and currently manages over $22 billion in assets. Over the past decade, the firm has originated over $32 billion in residential mortgage loans and issued more than 65 securitizations. The company's vertically integrated platform provides access to U.S. non-agency residential mortgages, making it a significant player in the mortgage market.

The stock of Angel Oak Mortgage REIT was trading at $25.25 on the New York Stock Exchange on Wednesday, up 0.35% from the previous close. Meanwhile, Brookfield Asset Management's stock was trading at $56.88, up 2.01% in pre-market trading.