Exhibit 12.1
AG Mortgage Investment Trust, Inc.
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
The following table sets forth the calculation of our ratio of earnings to combined fixed charges and preferred stock dividends for each of the periods indicated:
| Period from | ||||||||
| March 7, 2011 to | Year Ended | |||||||
| December 31, 2011 | December 31, 2012 | |||||||
| Net Income | 18,970,696 | 134,935,917 | ||||||
| Fixed Charges (1) | 4,132,336 | 28,797,622 | ||||||
| Preferred stock dividends | - | 4,137,010 | ||||||
| Total fixed charges and preferred stock dividends | 4,132,336 | 32,934,632 | ||||||
| Earnings available to cover fixed charges and preferred stock dividends | 23,103,032 | 167,870,549 | ||||||
| Ratio of earnings to combined fixed charges and preferred stock dividends | 5.6 | 5.1 | ||||||
(1) Fixed charges consist of interest expense on all indebtedness reported for GAAP, plus $0.3 million and $3.8 million relating to the underlying interest charge on repurchase agreements accounted for as a component of linked transactions, and $2.2 million and $10.0 million relating to the net periodic interest settlements of interest rate swaps for the period ended December 31, 2011 and the year ended December 31, 2012, respectively.