Granite Point Mortgage Trust Inc. Announces Review of Alternatives to Enhance Stockholder Value and 1-for-10 Reverse Stock Split

Granite Point Mortgage Trust Inc. Announces Review of Alternatives to Enhance Stockholder Value and 1-for-10 Reverse Stock Split

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”).