New York Mortgage Trust Declares Third Quarter 2022 Common Stock Dividend of $0.10 Per Share, and Preferred Stock Dividends
September 16 2022 - 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, 2022. The
dividend will be payable on October 26, 2022 to common stockholders
of record as of the close of business on September 26, 2022.
In addition, the Board declared cash dividends
on the Company’s 8.000% 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”), 6.875% Series F
Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
(“Series F Preferred Stock”) and 7.000% Series G Cumulative
Redeemable Preferred Stock (“Series G Preferred Stock”) as stated
below.
Quarterly Preferred Stock DividendsThe Board
declared cash dividends for the dividend period that began on July
15, 2022 and ends on October 14, 2022 as follows:
Class of Preferred Stock |
|
Series D |
|
Series E |
|
Series F |
|
Series G |
Record Date |
|
October 1, 2022 |
|
October 1, 2022 |
|
October 1, 2022 |
|
October 1, 2022 |
Payment Date |
|
October 15, 2022 |
|
October 15, 2022 |
|
October 15, 2022 |
|
October 15, 2022 |
Cash Dividend Per Share |
|
$0.50 |
|
$0.4921875 |
|
$0.4296875 |
|
$0.4375 |
|
|
|
|
|
|
|
|
|
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, including joint venture equity
investments in multi-family apartment communities.
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,
delinquency or vacancy and/or decreased recovery rates on or at 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; changes in our relationships with
and/or the performance of our operating partners; 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; 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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