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

Granite Point Mortgage Trust announced a review of strategic alternatives intended to enhance stockholder value and a 1-for-10 reverse stock split. The reverse split typically signals a depressed share price and potential exchange-listing or capital-markets concerns, while the alternatives review may indicate possible restructuring, asset sales, or a transaction. The announcement is likely to be material primarily for Granite Point shareholders rather than the broader market.