New York Mortgage Trust Declares Second Quarter 2018 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
June 18 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 June 30, 2018. The dividend
will be payable on July 26, 2018 to common stockholders of record
as of June 28, 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 April 15, 2018 and
ends on July 14, 2018. This dividend is payable on July 15,
2018 to holders of record of Series B Preferred Stock as of July 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 April 15, 2018 and
ends on July 14, 2018. This dividend is payable on July 15,
2018 to holders of record of Series C Preferred Stock as of July 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 April 15,
2018 and ends on July 14, 2018. This dividend is payable on
July 15, 2018 to holders of record of Series D Preferred Stock as
of July 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 COMPANYKristine Nario Chief Financial
Officer
Phone: 646-216-2363Email: knario@nymtrust.com
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