New York Mortgage Trust Declares Fourth Quarter 2017 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
December 07 2017 - 04:01PM
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 December 31, 2017. The
dividend will be payable on January 25, 2018 to common stockholders
of record as of December 18, 2017.
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, 2017 and
ends on January 14, 2018. This dividend is payable on January
15, 2018 to holders of record of Series B Preferred Stock as of
January 1, 2018.
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, 2017 and
ends on January 14, 2018. This dividend is payable on January 15,
2018 to holders of record of Series C Preferred Stock as of January
1, 2018.
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 $0.51111 per share of
Series D Preferred Stock for the period that began on October 13,
2017 and ends on January 14, 2018. This dividend is payable on
January 15, 2018 to holders of record of Series D Preferred Stock
as of January 1, 2018.
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 financial assets and targets residential
mortgage loans, including second mortgages and loans sourced from
distressed markets, multi-family CMBS, direct financing to owners
of multi-family properties through mezzanine loans and preferred
equity investments, other commercial and residential real
estate-related investments, Non-Agency RMBS and Agency RMBS. The
Midway Group, L.P. and Headlands Asset Management, LLC provide
investment management services to the Company with respect to
certain of its asset classes.
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 our beliefs,
assumptions and expectations of our future performance, taking into
account all information currently available to us. 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 us, including those
described in our Annual Report on Form 10-K for the fiscal year
ended December 31, 2016, which has been filed with the Securities
and Exchange Commission. 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, we are
not obligated to, and do 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 R.
Nario
Chief Financial
Officer
Phone:
646-216-2363
Email: knario@nymtrust.com
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