Granite Point Mortgage Trust Inc. Announces Launch Of Public Offering Of Additional Shares Of 7.00% Series A Fixed-To-Floating Rate Cumulative Redeemable Preferred Stock

Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“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