New York Mortgage Trust Declares First Quarter 2018 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
March 19 2018 - 4:01PM
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 March 31, 2018. The
dividend will be payable on April 26, 2018 to common stockholders
of record as of March 29, 2018.
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 January 15, 2018 and
ends on April 14, 2018. This dividend is payable on April 15,
2018 to holders of record of Series B Preferred Stock as of April
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 January 15, 2018 and
ends on April 14, 2018. This dividend is payable on April 15,
2018 to holders of record of Series C Preferred Stock as of April
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 $0.50 per share of Series
D Preferred Stock for the quarterly period that began on January
15, 2018 and ends on April 14, 2018. This dividend is payable
on April 15, 2018 to holders of record of Series D Preferred Stock
as of April 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 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. Headlands Asset
Management, LLC provides investment management services to the
Company with respect to its distressed residential loans.
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, 2017, 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 COMPANYEmily StillerControllerPhone:
980-224-4186Email: estiller@nymtrust.com
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