Granite Point Mortgage Trust Announces 1-For-10 Reverse Stock Split, Effective Oct. 5
Benzinga Newsdesk 1 month ago
Stock SplitNews
Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced that its Board of Directors (the "Board") has been, and continues to be, engaged
Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced that its Board of Directors (the "Board") has been, and continues to be, engaged in a process to review alternatives to enhance stockholder value (the "Review Process") and has approved a one-for-ten reverse stock split of the Company’s common stock (the "Reverse Stock Split").
The Reverse Stock Split will take place on October 5, 2026, at 5:00 p.m. Eastern Time (the "Effective Time").