Articles from Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the tax treatment of common and preferred stock dividends declared in 2024. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2024 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder’s tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter and full year ended December 31, 2024, after market close on February 13, 2025. The Company will host a conference call to review the financial results on February 14, 2025, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company”) today announced that W. Reid Sanders, a member of its Board of Directors since the Company’s inception in 2017, has passed away.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company”) today announced that Patrick Halter and Lazar Nikolic have been appointed to the Company’s Board of Directors, effective immediately. Mr. Halter will serve on the Compensation Committee and Mr. Nikolic will serve on the Nominating and Corporate Governance Committee. With the additions of Mr. Halter and Mr. Nikolic, the Granite Point Board now comprises eight directors, seven of whom are independent.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced that Ethan Lebowitz, Managing Director, will succeed Steven Plust as Chief Operating Officer effective no later than May 1, 2025. Mr. Lebowitz will serve as Deputy Chief Operating Officer until the COO transition is effective.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock for the fourth quarter of 2024. This dividend is payable on January 15, 2025, to holders of record of common stock at the close of business on December 31, 2024.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2024 financial results can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended September 30, 2024, after market close on November 6, 2024. The Company will host a conference call to review the financial results on November 7, 2024, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock for the third quarter of 2024. This dividend is payable on October 15, 2024, to holders of record of common stock at the close of business on October 1, 2024.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced that Blake Johnson will be appointed Chief Financial Officer, effective December 1, 2024. Mr. Johnson will join the Company no later than October 28, 2024, as Deputy CFO before assuming the CFO role.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending June 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing second quarter 2024 financial results can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended June 30, 2024, after market close on August 5, 2024. The Company will host a conference call to review the financial results on August 6, 2024, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock for the second quarter of 2024. This dividend is payable on July 15, 2024, to holders of record of common stock at the close of business on July 1, 2024.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending March 31, 2024, and provided an update on its activities subsequent to quarter-end. A presentation containing first quarter 2024 financial results can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended March 31, 2024, after market close on May 7, 2024. The Company will host a conference call to review the financial results on May 8, 2024, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.15 per share of common stock for the first quarter of 2024. This dividend is payable on April 15, 2024, to holders of record of common stock at the close of business on April 1, 2024.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will hold its 2024 Annual Meeting of Stockholders virtually on June 6, 2024, beginning at 10:00 a.m. Eastern Time. We believe that hosting a virtual annual meeting will make our annual meeting more accessible for all of our stockholders.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ending December 31, 2023, and provided an update on its activities subsequent to quarter-end. A presentation containing fourth quarter and full year 2023 financial results can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter and full year ended December 31, 2023, after market close on February 14, 2024. The Company will host a conference call to review the financial results on February 15, 2024, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the tax treatment of common and preferred stock dividends declared in 2023. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2023 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder’s tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock for the fourth quarter of 2023. This dividend is payable on January 16, 2024, to holders of record of common stock at the close of business on December 29, 2023.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2023, and provided an update on its activities subsequent to quarter-end. A presentation containing third quarter 2023 financial results can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended September 30, 2023, after market close on November 7, 2023. The Company will host a conference call to review the financial results on November 8, 2023, at 12:00 p.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock for the third quarter of 2023. This dividend is payable on October 16, 2023, to holders of record of common stock at the close of business on October 2, 2023.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending June 30, 2023, and provided an update on its activities subsequent to quarter-end. A presentation containing second quarter 2023 financial results can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended June 30, 2023, after market close on August 8, 2023. The Company will host a conference call to review the financial results on August 9, 2023, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock for the second quarter of 2023. This dividend is payable on July 17, 2023, to holders of record of common stock at the close of business on July 3, 2023.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending March 31, 2023, and provided an update on its activities subsequent to quarter-end. A presentation containing first quarter 2023 financial results can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended March 31, 2023, after market close on May 9, 2023. The Company will host a conference call to review the financial results on May 10, 2023, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it refinanced approximately $269 million of senior loans that had been previously financed through the GPMT 2019-FL2 CRE CLO, which had been significantly de-levered through loan repayments. This transaction generated approximately $85 million in net proceeds to the Company after repaying approximately $98 million of borrowings outstanding under the legacy CLO facility. As part of the above-mentioned refinancing, the Company increased borrowing capacity on its repurchase financing facility with JPMorgan to $425 million. As of March 22, 2023, GPMT held approximately $218 million in unrestricted cash.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock for the first quarter of 2023. This dividend will be payable on April 17, 2023, to common stockholders of record as of April 3, 2023.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will hold its 2023 Annual Meeting of Stockholders virtually on June 1, 2023, beginning at 10:00 a.m. Eastern Time. We believe that hosting a virtual annual meeting will make our annual meeting more accessible for all of our stockholders.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the fourth quarter and full year ended December 31, 2022, and provided an update on its activities subsequent to quarter-end. A presentation containing fourth quarter and full year 2022 financial results can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter and year ended December 31, 2022, after market close on February 23, 2023. The Company will host a conference call to review the financial results on February 24, 2023, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the tax treatment of common and preferred stock dividends declared in 2022. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2022 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder’s tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it has appointed Sheila K. McGrath as an independent member of its Board of Directors. With the addition of Ms. McGrath, the Granite Point Board comprises six directors, five of whom are independent.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock for the fourth quarter of 2022. This dividend will be payable on January 17, 2023, to common stockholders of record as of December 30, 2022.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended September 30, 2022, and provided an update on its activities subsequent to quarter-end. A presentation containing third quarter 2022 financial highlights can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended September 30, 2022, after market close on November 8, 2022. The Company will host a conference call to review the financial results on November 9, 2022, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock for the third quarter of 2022. This dividend will be payable on October 17, 2022, to common stockholders of record as of October 3, 2022.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended June 30, 2022, and provided an update on its activities subsequent to quarter-end. A presentation containing second quarter 2022 financial highlights can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended June 30, 2022, after market close on August 8, 2022. The Company will host a conference call to review the financial results on August 9, 2022, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock for the second quarter of 2022. This dividend will be payable on July 15, 2022, to common stockholders of record as of July 1, 2022.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended March 31, 2022, and provided an update on its activities subsequent to quarter-end. A presentation containing first quarter 2022 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it refinanced approximately $590 million of senior loans that had been previously financed through two of the Company’s legacy funding vehicles, GPMT 2018-FL1 CRE CLO and its term financing facility with Goldman Sachs, both of which had been significantly de-levered through loan repayments. These transactions generated approximately $180 million in net proceeds to the Company after repaying approximately $232 million of borrowings outstanding under those two legacy facilities. The Company today used a portion of the net proceeds to repay an additional $50 million of the remaining $100 million principal amount outstanding under its senior secured term loan facilities.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended March 31, 2022, after market close on May 10, 2022. The Company will host a conference call to review the financial results on May 11, 2022, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today provided details of its business activity for the first quarter 2022.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock for the first quarter of 2022. This dividend will be payable on April 15, 2022, to common stockholders of record as of April 1, 2022.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ended December 31, 2021, and provided an update on its activities subsequent to quarter-end. A presentation containing fourth quarter and full year 2021 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter and full year ended December 31, 2021 after market close on February 24, 2022. The Company will host a conference call to review the financial results on February 25, 2022, at 11:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the tax treatment of common and preferred stock dividends declared in 2021. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2021 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder’s tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the pricing of an underwritten public offering of 3,200,000 additional shares of its 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), liquidation preference $25.00 per share, for gross proceeds of $80,000,000, before deducting underwriting discounts and other estimated offering expenses. GPMT also granted the underwriters a 30-day option to purchase up to an additional 480,000 shares of the Series A Preferred Stock to cover over-allotments, if any. The additional shares of Series A Preferred Stock constitute an additional issuance of shares of Series A Preferred Stock, with 4,596,500 shares of Series A Preferred Stock previously issued (the “Outstanding Series A Preferred Stock”). The Series A Preferred Stock will be treated as a single series with and have the same terms as the Outstanding Series A Preferred Stock. The Outstanding Series A Preferred Stock is, and the Series A Preferred Stock sold in the offering will be, listed on the New York Stock Exchange under the ticker symbol “GPMT PrA.” The offering is expected to close on January 25, 2022, subject to customary closing conditions.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the launch of an underwritten public offering of additional shares of its 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) with a $25.00 per share liquidation preference. The additional shares of Series A Preferred Stock constitute an additional issuance of shares of Series A Preferred Stock, with 4,596,500 shares of Series A Preferred Stock previously issued (the “Outstanding Series A Preferred Stock”). The Series A Preferred Stock will be treated as a single series with and have the same terms as the Outstanding Series A Preferred Stock. The Outstanding Series A Preferred Stock is, and the Series A Preferred Stock sold in the offering will be, listed on the New York Stock Exchange under the ticker symbol “GPMT PrA.”

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock for the fourth quarter of 2021. This dividend will be payable on January 18, 2022, to common stockholders of record as of December 31, 2021.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the pricing of its underwritten public offering of 4,000,000 shares of its 7.00% Series A Fixed-to-Floating Rate Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), liquidation preference $25.00 per share, for gross proceeds of $100,000,000, before deducting the underwriting discounts and other estimated offering expenses. GPMT also granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of the Series A Preferred Stock to cover over-allotments, if any. The Company intends to file an application to list the Preferred Stock on the New York Stock Exchange under the ticker symbol “GPMT PrA” and, if approved, expects trading to commence within 30 days after the initial issuance of the Series A Preferred Stock. The offering is expected to close on November 30, 2021, subject to customary closing conditions.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the launch of an underwritten public offering of shares of its Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) with a $25.00 per share liquidation preference. Granite Point intends to file an application to list the Series A Preferred Stock on the New York Stock Exchange under the ticker symbol “GPMT PrA” and, if approved, expects trading to commence within 30 days after the initial issuance of the Series A Preferred Stock.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the closing of GPMT 2021-FL4, a $621 million managed Commercial Real Estate Collateralized Loan Obligation (“CRE CLO”), in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). $503 million of investment grade securities have been placed with institutional investors, providing GPMT with term-matched financing on a non-mark-to-market and non-recourse basis. GPMT 2021-FL4 features an initial advance rate of 80.875%, and a weighted-average interest rate at issuance of LIBOR + 1.68%, before accounting for transaction costs.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended September 30, 2021, and provided an update on its activities subsequent to quarter-end. A presentation containing third quarter 2021 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the pricing of GPMT 2021-FL4, an approximately $621 million managed Commercial Real Estate Collateralized Loan Obligation (“CRE CLO”), in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company expects approximately $503 million of investment grade securities to be placed with institutional investors, providing GPMT with term-matched financing on a non-mark-to-market and non-recourse basis. GPMT 2021-FL4 features an initial advance rate of 80.875% and a weighted-average interest rate at issuance of LIBOR + 1.68%, before accounting for transaction costs. The CLO is expected to close on or around November 16, 2021, subject to customary closing conditions.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended September 30, 2021 after market close on November 8, 2021. The Company will host a conference call to review the financial results on November 9, 2021, at 10:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it received notices to exercise all of the outstanding warrants to purchase approximately 4.55 million shares of the Company’s common stock. The Company had an option to net settle the exercise of the warrants in cash or by issuing shares of common stock and elected to settle all the warrants in cash for a total consideration of approximately $32.1 million. The settlement of the warrants resulted in an aggregate decrease in book value per common share of approximately $(0.60).

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock for the third quarter of 2021. This dividend will be payable on October 19, 2021 to common stockholders of record as of October 1, 2021.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended June 30, 2021, and provided an update on its activities subsequent to quarter-end. A presentation containing second quarter 2021 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended June 30, 2021 after market close on August 9, 2021. The Company will host a conference call to review the financial results on August 10, 2021, at 10:00 a.m. ET.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock for the second quarter of 2021. This dividend will be payable on July 19, 2021 to common stockholders of record as of July 1, 2021.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the closing of GPMT 2021-FL3, an $824 million Commercial Real Estate Collateralized Loan Obligation (“CRE CLO”), in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). $686 million of investment grade securities have been placed with institutional investors, providing GPMT with term-matched financing on a non-mark-to-market and non-recourse basis. GPMT 2021-FL3 features an initial advance rate of 83.25%, and a weighted-average interest rate at issuance of LIBOR + 1.62%, before accounting for transaction costs.

Granite Point Mortgage Trust Inc. (NYSEGPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended March 31, 2021, and provided an update on its activities subsequent to quarter-end. A presentation containing first quarter 2021 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the pricing of GPMT 2021-FL3, an approximately $824 million Commercial Real Estate Collateralized Loan Obligation (“CRE CLO”), in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company expects approximately $686 million of investment grade securities to be placed with institutional investors, providing GPMT with term-matched financing on a non-mark-to-market and non-recourse basis. GPMT 2021-FL3 features an initial advance rate of 83.25% and a weighted-average interest rate at issuance of LIBOR + 1.62%, before accounting for transaction costs. The CLO is expected to close on or around May 14, 2021, subject to customary closing conditions.

Granite Point Mortgage Trust Inc. (NYSEGPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended March 31, 2021 after market close on May 6, 2021. The Company will host a conference call to review the financial results on May 7, 2021, at 10:00 a.m. ET.