Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc. is an internally managed real estate finance company that primarily originates, invests in, and manages senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company's objective is to preserve stockholder capital while generating attractive risk-adjusted returns over the long term, mainly through dividends from current income produced by its investment portfolio. Granite Point operates as a Real Estate Investment Trust (REIT) under the Internal Revenue Code of 1986, as amended. It was incorporated in Maryland on April 7, 2017, and began operations as a publicly traded company on June 28, 2017. The company has elected to be treated as a REIT for U.S. federal income tax purposes. To qualify as a REIT, it must meet specific investment and operating tests and annual distribution requirements. Granite Point generally avoids U.S. federal income taxes on its taxable income by annually distributing all net taxable income to stockholders, avoiding prohibited transactions, and maintaining its REIT qualification. Certain activities may generate non-qualifying REIT income, for which the company has designated one subsidiary as a taxable REIT subsidiary (TRS) and may form more in the future. The business is organized as a holding company and operates primarily through various subsidiaries in a single reporting segment that originates, acquires, and finances its target investments.