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AG Mortgage Investment Trust director to step down

Frank Stadelmaier will not seek re-election to the AG Mortgage Investment Trust Inc. board at the company's annual meeting of shareholders scheduled on or about May 2.

The decision is unrelated to, and will have no impact on, his continuing role as CFO of Angelo Gordon & Co. LP, the parent company of AG Mortgage Investment's external manager, AG REIT Management LLC, according to a regulatory filing.

Stadelmaier informed the company that his decision was due to time constraints and his other obligations and is not the result of any disagreement with the company on any matter relating to operations, policies or practices. He will remain involved in the activities of AG REIT Management.