New York Mortgage Trust Declares Second Quarter 2019 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
June 14 2019 - 4:01PM
New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”)
announced today that its Board of Directors (the “Board”) declared
a regular quarterly cash dividend of $0.20 per share on shares of
its common stock for the quarter ending June 30, 2019. The dividend
will be payable on July 25, 2019 to common stockholders of record
as of June 24, 2019.
In accordance with the terms of the 7.75% Series
B Cumulative Redeemable Preferred Stock (“Series B Preferred
Stock”) of the Company, the Board 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, 2019 and
ends on July 14, 2019. This dividend is payable on July 15,
2019 to holders of record of Series B Preferred Stock as of July 1,
2019.
In accordance with the terms of the 7.875%
Series C Cumulative Redeemable Preferred Stock ("Series C Preferred
Stock") of the Company, the Board 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, 2019 and
ends on July 14, 2019. This dividend is payable on July 15,
2019 to holders of record of Series C Preferred Stock as of July 1,
2019.
In accordance with the terms of the 8.00% Series
D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
("Series D Preferred Stock") of the Company, the Board declared a
Series D Preferred Stock cash dividend of $0.50 per share of Series
D Preferred Stock for the quarterly period that began on April 15,
2019 and ends on July 14, 2019. This dividend is payable on
July 15, 2019 to holders of record of Series D Preferred Stock as
of July 1, 2019.
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 targets multi-family CMBS, direct
financing to owners of multi-family properties through preferred
equity and mezzanine loan investments, residential mortgage loans
(including distressed residential mortgage loans, non-QM loans,
second mortgage loans and other residential mortgage loans),
non-Agency RMBS, Agency RMBS and other mortgage-related and
residential housing-related investments.
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 the Company’s beliefs, assumptions and expectations of
the Company’s future performance, taking into account all
information currently available to the Company. 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 the Company, including those
described in the Company’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2018, which has been filed with the
Securities and Exchange Commission, and as updated by those risk
factors included in the Company's subsequent filings under the
Securities Exchange Act of 1934, as amended, which can be accessed
at the Securities and Exchange Commission’s website at
www.sec.gov. 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, the Company is
not obligated to, and does 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
Nario-Eng Chief Financial
Officer
Phone: 646-216-2363Email: knario@nymtrust.com
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