New York Mortgage Trust Announces Update to Tax Treatment of 2018 Dividend Distributions

Date : 01/31/2019 @ 9:29PM
Source : GlobeNewswire Inc.
Stock : New York Mortgage Trust Inc (NYMT)
Quote : 6.22  0.02 (0.32%) @ 11:00PM
After Hours
Last Trade
Last $ 6.19 ▼ -0.03 (-0.48%)

New York Mortgage Trust Announces Update to Tax Treatment of 2018 Dividend Distributions

New York Mortgage (NASDAQ:NYMT)
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New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the “Company”) today announced an update to the tax treatment of common and preferred stock dividends declared in 2018 to include Section 199A reporting, which are as follows:

Common Stock (CUSIP #649604501)

DeclarationDateRecordDatePaymentDate2018 Distribution Per ShareBox 1aBox 1b  Box 2aBox 2b  Box 3  Box 5
2018 OrdinaryDividend2018QualifiedDividendCapital Gain Distribution2018 Unrecaptured Section 1250 Gain2018 NonDividend Distributions  2018199A Dividends1
3/19/20183/29/20184/26/2018$0.200000$0.092854-$0.028569$0.002878$0.078577$0.092854
6/18/20186/28/20187/26/2018$0.200000$0.092854-$0.028569$0.002878$0.078577$0.092854
9/17/20189/27/201810/26/2018$0.200000$0.092854-$0.028569$0.002878$0.078577$0.092854
12/4/201812/14/20181/25/2019$0.200000$0.092854-$0.028569$0.002878$0.078577$0.092854
 Totals$0.800000$0.371416-$0.114276 $0.011512$0.314308$0.371416
              

7.75% Series B Cumulative Redeemable Preferred Stock (CUSIP #649604709)

    Box 1aBox 1b  Box 2aBox 2b  Box 3  Box 5
Declaration DateRecord DatePayment Date2018 Distribution Per Share2018 OrdinaryDividend2018QualifiedDividend2018Capital Gain Distribution2018 Unrecaptured Section 1250 Gain2018 NonDividend Distributions  2018199A Dividends 1
12/7/20171/1/20181/15/2018$0.484375$0.415185-$0.069190$0.006970-$0.415185
3/19/20184/1/20184/15/2018$0.484375$0.415185-$0.069190$0.006970-$0.415185
6/18/20187/1/20187/15/2018$0.484375$0.415185-$0.069190$0.006970-$0.415185
9/17/201810/1/201810/15/2018$0.484375$0.415185-$0.069190$0.006970-$0.415185
Totals$1.937500$1.660740-$0.276760$0.027880-$1.660740
             

7.875% Series C Cumulative Redeemable Preferred Stock (CUSIP #649604808)

DeclarationDateRecordDatePaymentDate2018 Distribution Per ShareBox 1aBox 1b  Box 2aBox 2b  Box 3  Box 5
2018 OrdinaryDividend2018QualifiedDividend2018Capital Gain Distribution2018 Unrecaptured Section 1250 Gain2018 NonDividend Distributions  2018199A Dividends 1
12/7/20171/1/20181/15/2018$0.4921875$0.4218820-$0.0703060$0.0070820-$0.4218820
3/19/20184/1/20184/15/2018$0.4921875$0.4218820-$0.0703060$0.0070820-$0.4218820
6/18/20187/1/20187/15/2018$0.4921875$0.4218820-$0.0703060$0.0070820-$0.4218820
9/17/201810/1/201810/15/2018$0.4921875$0.4218820-$0.0703040$0.0070820-$0.4218820
Totals$1.9687500$1.6875280-$0.2812220$0.0283280-$1.6875280
             

8.0% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #649604881)

DeclarationDateRecordDatePaymentDate2018 Distribution Per ShareBox 1aBox 1b  Box 2aBox 2b  Box 3  Box 5
2018 OrdinaryDividend2018QualifiedDividend2018Capital Gain Distribution2018 Unrecaptured Section 1250 Gain2018 NonDividend Distributions  2018199A Dividends 1
12/7/20171/1/20181/15/2018$0.511111$0.438102-$0.073009$0.007355-$0.438102
3/19/20184/1/20184/15/2018$0.500000$0.428578-$0.071422$0.007195-$0.428578
6/18/20187/1/20187/15/2018$0.500000$0.428578-$0.071422$0.007195-$0.428578
9/17/201810/1/201810/15/2018$0.500000$0.428578-$0.071422$0.007195-$0.428578
Totals$2.011111$1.723836-$0.287275$0.028940-$1.723836

(1) Section 199A Dividends are reported in Box 5 of Form 1099-DIV. Section 199A Dividends are a subset of, and included in, Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV.

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s dividend distributions and the information contained herein.

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. 

CONTACT:   AT THE COMPANY
    Kristine R. Nario-Eng
    Chief Financial Officer
    Phone: (646) 216-2363
    Email: knario@nymtrust.com
     

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