New York Mortgage Trust Announces Public Offering of Common Stock
January 07 2020 - 4:30PM
New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the
“Company”) announced today that it plans to make a public offering
of 30,000,000 shares of its common stock. NYMT also expects to
grant the underwriters an option to purchase up to an additional
4,500,000 shares of common stock. Morgan Stanley, J.P. Morgan and
UBS Investment Bank will serve as joint 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, J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, Attention: Prospectus Department, or
by calling 866-803-9204, and UBS Securities LLC, Attention:
Prospectus Department, 1285 Avenue of the Americas, New York, NY
10019, by telephone at 888-827-7275 or by email at
ol-prospectusrequest@ubs.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 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 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 prospectus supplement related to this offering and
in the Company's Annual Report on Form 10-K for the year ended
December 31, 2018, 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 |
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AT THE COMPANYKristine R. Nario-EngInvestor RelationsPhone:
(646) 216-2363Email: knario@nymtrust.com |
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