New York Mortgage Trust Declares Second Quarter 2017 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
June 14 2017 - 4:01PM
New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the “Company”)
announced today that its Board of Directors declared a regular
quarterly cash dividend of $0.20 per share on shares of its common
stock for the quarter ending June 30, 2017. The dividend will be
payable on July 25, 2017 to common stockholders of record as of
June 26, 2017.
In accordance with the terms of the 7.75% Series
B Cumulative Redeemable Preferred Stock (“Series B Preferred
Stock”) of the Company, the Board of Directors declared a Series B
Preferred Stock cash dividend of $0.484375 per share of Series B
Preferred Stock for the quarterly period that began on April 15,
2017 and ends on July 14, 2017. This dividend is payable on
July 15, 2017 to holders of record of Series B Preferred Stock as
of July 1, 2017.
In accordance with the terms of the 7.875%
Series C Cumulative Redeemable Preferred Stock ("Series C Preferred
Stock") of the Company, the Board of Directors declared a Series C
Preferred Stock cash dividend of $0.4921875 per share of Series C
Preferred Stock for the quarterly period that began on April 15,
2017 and ends on July 14, 2017. This dividend is payable on July
15, 2017 to holders of record of Series C Preferred Stock as of
July 1, 2017.
About New York Mortgage
TrustNew York Mortgage Trust, Inc. is a Maryland
corporation that has elected to be taxed as a real estate
investment trust for federal income tax purposes (“REIT”). NYMT is
an internally managed REIT in the business of acquiring, investing
in, financing and managing mortgage-related and residential
housing-related assets and financial assets and targets residential
mortgage loans, including second mortgages and loans sourced from
distressed markets, multi-family CMBS, direct financing to owners
of multi-family properties through mezzanine loans and preferred
equity investments, other residential real estate-related
investments and Non-Agency RMBS. The Midway Group, L.P. and
Headlands Asset Management, LLC provide investment management
services to the Company with respect to certain of its asset
classes.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
relate to the payment of the dividends. Forward-looking statements
are based on our beliefs, assumptions and expectations of our
future performance, taking into account all information currently
available to us. These beliefs, assumptions and expectations
are subject to risks and uncertainties and can change as a result
of many possible events or factors, not all of which are known to
us, including those described in our Annual Report on Form 10-K for
the fiscal year ended December 31, 2016, which has been filed with
the Securities and Exchange Commission. If a change occurs,
these forward-looking statements may vary materially from those
expressed in this release. All forward-looking statements speak
only as of the date on which they are made. Except as required by
law, we are not obligated to, and do not intend to, update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For Further Information
AT THE COMPANY
Kristine R. Nario
Chief Financial Officer
Phone: 646-216-2363
Email: knario@nymtrust.com
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