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The REIT also announced the addition of Nicholas Smith, chief investment officer, and Debra Hess as non-executive chair to its board of directors.
“We are truly honored to have Debra transition to the role of chair of the board,” Roberts said. “Her strategic insight, experience and thoughtful leadership as our lead independent director perfectly positions her to lead the MITT board and reinforces our commitment to strong corporate governance and enhancing stockholder value.”
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“I want to thank David for his visionary leadership in building what MITT is today, and on behalf of the company, I wish him well in his future endeavors,” said Durkin. “While uncertainty and volatility in the market persist, we continue to firmly believe that our robust loan pipeline, disciplined financing strategy, strong liquidity position, and the support and resources of Angelo Gordon provide MITT with the tools necessary to navigate these challenges and harness MITT’s earnings power. We are extremely pleased to have Nick join the board. His deep mortgage origination and securitization expertise will strengthen and complement the mix of skills and robust experience of our board.”
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