Granite Point Mortgage Trust Inc. Announces Launch Of Public Offering Of 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 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.