New York Mortgage Trust Declares Third Quarter 2017 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
September 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 September 30, 2017. The dividend will
be payable on October 25, 2017 to common stockholders of record as
of September 25, 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 July 15,
2017 and ends on October 14, 2017. This dividend is payable
on October 15, 2017 to holders of record of Series B Preferred
Stock as of October 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 July 15,
2017 and ends on October 14, 2017. This dividend is payable on
October 15, 2017 to holders of record of Series C Preferred Stock
as of October 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 commercial and 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 COMPANYKristine R.
Nario
Chief Financial
Officer
Phone:
646-216-2363
Email: knario@nymtrust.com
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