New York Mortgage Trust Declares Fourth Quarter 2019 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends...
December 10 2019 - 4:05PM
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 December 31, 2019. The
dividend will be payable on January 27, 2020 to common stockholders
of record as of December 20, 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 October 15, 2019 and
ends on January 14, 2020. This dividend is payable on January
15, 2020 to holders of record of Series B Preferred Stock as of
January 1, 2020.
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 October 15, 2019 and
ends on January 14, 2020. This dividend is payable on January
15, 2020 to holders of record of Series C Preferred Stock as of
January 1, 2020.
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 October
15, 2019 and ends on January 14, 2020. This dividend is
payable on January 15, 2020 to holders of record of Series D
Preferred Stock as of January 1, 2020.
In accordance with the terms of the 7.875%
Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred
Stock ("Series E Preferred Stock") of the Company, the Board
declared a Series E Preferred Stock cash dividend of $0.47578 per
share of Series E Preferred Stock for the short first dividend
period that began on October 18, 2019 and ends on January 14, 2020.
This dividend is payable on January 15, 2020 to holders of record
of Series E Preferred Stock as of January 1, 2020.
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 structured multi-family property
investments such as multi-family CMBS and preferred equity in, and
mezzanine loans to, owners of multi-family properties, 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 assets.
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-EngChief Financial
OfficerPhone: 646-216-2363Email: knario@nymtrust.com
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