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 approved a 1-for-10 reverse stock split. The reverse split signals efforts to address a depressed share price and maintain market positioning, while the strategic review could create optionality for a sale, restructuring, or other corporate action. The news is likely to be material for Granite Point shares but has limited broader market implications.