News Column

Reverse Mortgage Investment Trust Inc. Confidentially Submits Registration Statement for Proposed Initial Public Offering

May 15, 2014

BLOOMFIELD, N.J.--(BUSINESS WIRE)-- Reverse Mortgage Investment Trust Inc. (RMIT) today announced that it has confidentially submitted a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with a proposed initial public offering of its common stock, which RMIT intends to conduct later this year, subject to market and other conditions, including RMIT's expected acquisition of Reverse Mortgage Funding LLC and completion by the SEC of its review process initiated by RMIT's confidential submission. The proceeds from the proposed initial public offering are intended to enable the company to continue executing its business plan to originate, acquire, service, invest in, and manage reverse mortgage loans and securities backed by reverse mortgage loans and for general corporate purposes. The number of shares to be offered, whether any selling stockholders intend to offer any shares in the offering, and the price range for the offering have not been determined.

This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. As required by Rule 135, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond RMIT's control. The forward-looking statements, and other risks, uncertainties, and factors are based on RMIT's beliefs, assumptions, and expectations of its future performance, taking into account all information currently available to RMIT. Forward-looking statements are not predictions of future events. RMIT disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.


Martino Flynn

Erin Foster, 585-641-4513

Source: Reverse Mortgage Investment Trust Inc.

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Source: Business Wire

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