Angel Oak Mortgage REIT, Inc.

Angel Oak Mortgage REIT, Inc. and two subsidiaries extended their loan financing facility with Multinational Bank 1. The facility, previously set to expire on June 25, 2026, has been renewed through September 25, 2026. Additionally, the interest rate pricing spread was reduced from a range of 1.65%-2.10% to 1.30%-2.10%.

Angel Oak Mortgage REIT, Inc. has entered into a Stock Repurchase Agreement to buy back $15.0 million of its common stock from Xylem Finance LLC. The repurchase price is set at the ten-trading-day volume-weighted average price less a 3.00% discount. This transaction is conditioned upon the resignation of Mr. Vikram Shankar, a director nominated by Xylem, from the Company's Board of Directors, which occurred on May 20, 2026. Concurrently, the Shareholder Rights Agreement with Xylem will terminate, and Xylem will waive certain registration rights, signifying a reduction in its influence over the company.

Angel Oak Mortgage REIT, Inc. held its 2026 Annual Meeting of Stockholders on May 13, 2026. Stockholders elected eight directors to the Board and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2026. Additionally, stockholders approved, on a non-binding advisory basis, the compensation of the company's named executive officers.

Angel Oak Mortgage REIT, Inc. reported a GAAP net loss of $(7.4) million, or $(0.30) per diluted share, for the first quarter of 2026. Despite the net loss, the company saw a 20.1% increase in net interest income to $12.1 million compared to the prior year. GAAP book value decreased by 4.0% to $10.31 per share, while economic book value decreased by 3.3% to $12.28 per share from the end of 2025. The company declared a quarterly dividend of $0.32 per share and successfully executed a $272.3 million securitization, which reduced debt and released cash for new loan purchases.

Angel Oak Mortgage REIT, Inc. (AOMR) and its subsidiary AOMR TRS SPE, LLC, as guarantor and seller respectively, entered into Amendment No. 5 to their Pricing Side Letter. This amendment extends the initial termination date of the financing facility from April 27, 2026, to April 21, 2028. It also includes more favorable terms, such as a reduced pricing rate for certain non-agency mortgage loans and an increased purchase price percentage for second lien mortgage loans and HELOCs, enhancing the company's financing flexibility and cost efficiency.

Angel Oak Mortgage REIT, Inc. (AOMR) announced on April 21, 2026, the date for its first quarter 2026 financial results webcast and conference call. This announcement was made via a press release, which is attached as an exhibit to the current report on Form 8-K. The company regularly provides updates on its financial performance through such calls.