Lisa Pendergast Appointed as Director of New York Mortgage Trust, Inc.
March 15 2018 - 5:14PM
New York Mortgage Trust, Inc. (the “Company”) (NASDAQ:NYMT)
announced today that its Board of Directors has appointed Lisa A.
Pendergast as Director of the Company, effective immediately.
Ms. Pendergast is the Executive Director of
Commercial Real Estate Finance Council, a trade organization with
over 305 member companies and over 9,000 individual members that
covers the commercial and multi-family real estate finance markets,
a position she has held since September 2016. Ms. Pendergast has
previously served as Managing Director of the Commercial
Mortgage-Backed Securities Strategy and Risk division of Jefferies
LLC from 2009 to June 2016. Prior to joining Jefferies LLC, Ms.
Pendergast served as a Managing Director of RBS Greenwich Capital
and Prudential Securities.
Commenting on today’s announcement, Steven R.
Mumma, the Chairman of the Company’s Board of Directors and Chief
Executive Officer, stated, “We are excited to welcome Lisa to the
Board. Lisa has more than 30 years of relevant experience in the
commercial and residential real estate markets, which will be of
great benefit to the Company and Board.” Alan L. Hainey, lead
independent director, added, "We are excited about the addition of
Lisa to the Board. She brings significant expertise in credit and
structured finance and an additional independent voice to the
Board."
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.
For Further Information
AT THE COMPANY Emily
StillerControllerPhone: 980-224-4186Email:
estiller@nymtrust.com
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