New York Mortgage Trust Declares Third Quarter 2021 Common Stock Dividend of $0.10 Per Share, and Preferred Stock Dividends
September 13 2021 - 4:05PM
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 $0.10 per share on shares of
its common stock for the quarter ending September 30, 2021. The
dividend will be payable on October 25, 2021 to common stockholders
of record as of the close of business on September 23, 2021.
In addition, the Board declared cash dividends
on the Company’s 7.75% Series B Cumulative Redeemable Preferred
Stock (“Series B Preferred Stock”), 8.00% Series D
Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
(“Series D Preferred Stock”), 7.875% Series E Fixed-to-Floating
Rate Cumulative Redeemable Preferred Stock (“Series E Preferred
Stock”) and 6.875% Series F Fixed-to-Floating Rate Cumulative
Redeemable Preferred Stock (“Series F Preferred Stock”) as stated
below.
Quarterly Preferred Stock DividendsThe Board
declared cash dividends on the Company’s Series B, Series D and
Series E Preferred Stock for the dividend period that began on July
15, 2021 and ends on October 14, 2021 and declared cash dividends
on the Company’s Series F Preferred Stock for the long initial
dividend period that began on July 7, 2021 and ends on October 14,
2021 as follows:
Class of Preferred Stock |
|
Series B |
|
Series D |
|
Series E |
|
Series F |
Record Date |
|
October 1, 2021 |
|
October 1, 2021 |
|
October 1, 2021 |
|
October 1, 2021 |
Payment Date |
|
October 15, 2021 |
|
October 15, 2021 |
|
October 15, 2021 |
|
October 15, 2021 |
Cash Dividend Per Share |
|
$0.484375 |
|
$0.50 |
|
$0.4921875 |
|
$0.4679 |
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 (“REIT”) for federal income tax purposes. NYMT is
an internally managed REIT in the business of acquiring, investing
in, financing and managing primarily mortgage-related single-family
and multi-family residential assets.
Forward-Looking StatementsWhen used in this
press release, in future filings with the Securities and Exchange
Commission (the “SEC”) or in other written or oral communications,
statements which are not historical in nature, including those
containing words such as “will,” “believe,” “expect,” “anticipate,”
“estimate,” “plan,” “continue,” “intend,” “could,” “would,”
“should,” “may” or similar expressions, are intended to identify
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and, as such, may involve known and unknown risks, uncertainties
and assumptions. Statements regarding the following subject, among
others, may be forward-looking: the payment of dividends.
Forward-looking statements are based on estimates, projections,
beliefs and assumptions of management of the Company at the time of
such statements and are not guarantees of future performance.
Forward-looking statements involve risks and uncertainties in
predicting future results and conditions. Actual results and
outcomes could differ materially from those projected in these
forward-looking statements due to a variety of factors, including,
without limitation: changes in the Company’s business and
investment strategy; changes in interest rates and the fair market
value of the Company’s assets, including negative changes resulting
in margin calls relating to the financing of the Company’s assets;
changes in credit spreads; changes in the long-term credit ratings
of the U.S., Fannie Mae, Freddie Mac, and Ginnie Mae; general
volatility of the markets in which the Company invests; changes in
prepayment rates on the loans the Company owns or that underlie the
Company’s investment securities; increased rates of default or
delinquency and/or decreased recovery rates on the Company’s
assets; the Company’s ability to identify and acquire targeted
assets, including assets in its investment pipeline; changes in
relationships with the Company’s financing counterparties and the
Company’s ability to borrow to finance its assets and the terms
thereof; the Company’s ability to predict and control costs;
changes in laws, regulations or policies affecting the Company’s
business, including actions that may be taken to contain or address
the impact of the COVID-19 pandemic; the Company’s ability to make
distributions to its stockholders in the future; the Company’s
ability to maintain its qualification as a REIT for federal tax
purposes; the Company’s ability to maintain its exemption from
registration under the Investment Company Act of 1940, as amended;
risks associated with investing in real estate assets, including
changes in business conditions and the general economy, the
availability of investment opportunities and the conditions in the
market for Agency RMBS, non-Agency RMBS, ABS and CMBS securities,
residential loans, structured multi-family investments and other
mortgage-, residential housing- and credit-related assets,
including changes resulting from the ongoing spread and economic
effects of COVID-19; and the impact of COVID-19 on the Company, its
operations and its personnel.
These and other risks, uncertainties and
factors, including the risk factors described in the Company’s
reports filed with the SEC pursuant to the Exchange Act, could
cause the Company’s actual results to differ materially from those
projected in any forward-looking statements the Company makes. All
forward-looking statements speak only as of the date on which they
are made. New risks and uncertainties arise over time and it is not
possible to predict those events or how they may affect the
Company. Except as required by law, the Company is not obligated
to, and does 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 COMPANYInvestor RelationsPhone: 212-792-0107Email:
InvestorRelations@nymtrust.com
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