Angel Oak Mortgage REIT, Inc. reported total dividend distributions of $1.28 per share for 2025, paid in four equal installments of $0.32 each on February 28, May 30, August 29 and November 26. Each distribution comprised $0.20722 of ordinary income and $0.11278 of return of capital, with no long-term capital gains component, underlining the REIT’s consistent cash flow generation from its mortgage asset portfolio.

The REIT has classified the full ordinary income portion of its distributions as "Qualified REIT Dividends" under IRC Section 199A, enabling many investors to potentially benefit from preferential tax treatment. Shareholders are advised to verify brokerage tax statements against the REIT’s reported breakdown and consult tax professionals to assess individual implications, particularly for those in higher income brackets.

Angel Oak Mortgage REIT focuses exclusively on first-lien non-qualified mortgage (non-QM) loans and related mortgage assets across U.S. markets. By targeting credit-enhanced, floating-rate instruments, the REIT seeks to generate attractive risk-adjusted returns through rising interest rate environments. As of year-end 2025, the portfolio carried no significant concentrations by borrower industry or geography, reflecting a diversified lending strategy geared toward capital preservation and yield generation.

With the Federal Reserve signaling potential rate easing over the coming year, management plans to redeploy cash flows into new non-QM loan originations and opportunistic secondary market purchases. The REIT intends to maintain a conservative leverage ratio below 4x debt-to-equity and may increase its quarterly payout if net interest margins expand. This disciplined approach aims to support ongoing distributions while preserving flexibility to capture higher-yielding assets.