New York Mortgage Trust Announces Public Offering of Common Stock
November 07 2018 - 4:06PM
New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the
“Company”) announced today that it plans to make a public offering
of 12,500,000 shares of its common stock. NYMT also expects to
grant the underwriters an option to purchase up to an additional
1,875,000 shares of common stock. Morgan Stanley, Credit Suisse,
Barclays, Deutsche Bank Securities, J.P. Morgan, Keefe, Bruyette
& Woods, A Stifel Company, RBC Capital Markets and UBS
Investment Bank will serve as bookrunning managers for the
offering.
NYMT intends to use the net proceeds of this
offering for general business purposes, which may include, among
other things, acquiring its targeted assets, including both
single-family residential and multi-family credit investments, and
various other types of mortgage-related and residential
housing-related assets that the Company may target from time to
time and general working capital purposes.
The offering is being made pursuant to the
Company's existing shelf registration statement, which
automatically became effective upon filing with the Securities and
Exchange Commission (the "SEC") on August 9, 2018. The offering of
these securities is being made only by means of a prospectus and a
related prospectus supplement, which will be filed with the SEC.
Copies of the prospectus and prospectus supplement related to this
offering may be obtained, when available, from Morgan Stanley &
Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014, and Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New York, NY
10010 or by telephone: 800-221-1037 or by email:
newyork.prospectus@credit-suisse.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy the shares or any
other securities, nor shall there be any sale of such shares or any
other securities in any state or other jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
other jurisdiction.
About New York Mortgage Trust
New 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 second mortgages and loans sourced from
distressed markets, non-Agency RMBS, Agency RMBS and other
mortgage-related and residential housing-related
investments.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve numerous risks and uncertainties. The Company's
actual results may differ from the Company's beliefs, expectations,
estimates, and projections and, consequently, you should not rely
on these forward-looking statements as predictions of future
events. Forward-looking statements are not historical in nature and
can be identified by words such as “anticipate,” “estimate,”
“will,” “should,” “expect,” “believe,” “intend,” “seek,” “plan” and
similar expressions or their negative forms, or by references to
strategy, plans, or intentions. 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 it. No assurance can be given that the
offering discussed above will be consummated, or that the net
proceeds of the offering will be used as indicated. Consummation of
the offering and the application of the net proceeds of the
offering are subject to numerous possible events, factors and
conditions, many of which are beyond the control of the Company and
not all of which are known to it, including, without limitation,
market conditions and those described under the heading “Risk
Factors” in the Company's Annual Report on Form 10-K for the year
ended December 31, 2017, 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 SEC's website
at www.sec.gov. All forward-looking statements speak only as of the
date on which they are made. New risks and uncertainties arise over
time, and it is not possible to predict those events or how they
may affect the Company. The Company undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise, except as
required by law.
CONTACT: |
For Further
Information |
|
AT THE COMPANY |
|
Kristine R.
Nario-Eng |
|
Investor Relations |
|
Phone: (646)
216-2363 |
|
Email:
knario@nymtrust.com |
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