New York Mortgage Trust Announces Promotion of Nathan Reese to Chief Operating Officer
September 24 2018 - 4:01PM
New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT," the "Company,"
"we," "our" or "us") announced today the promotion of Nathan Reese
to Chief Operating Officer, a newly created role at the Company.
Mr. Reese has been with the Company since 2004 and has served as a
Managing Director since 2016 and as an executive officer of the
Company since 2009. He is responsible for the Company’s operations,
including certain portfolio activity, loan servicing, treasury
functions, and information technology.
“Nathan has been an invaluable contributor to
our strategic direction and growth,” stated Steven R. Mumma, the
Company’s Chairman and Chief Executive Officer. “This promotion
reflects the broad scope of Nathan’s current responsibilities and
his overall importance to our senior management team. Nathan has
played a key role over the years in implementing and managing our
strategic and operational initiatives and overseeing various
portfolio and treasury functions. I have great confidence that
Nathan, in this new role, along with the rest of our team, will
continue to help us to grow the Company and deliver long-term
stable distributions to our stockholders.”
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.
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. 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 R. Nario-Eng Chief
Financial
Officer
Phone: 646-216-2363 Email: knario@nymtrust.com
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