New York Mortgage Trust Declares Third Quarter 2018 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
September 17 2018 - 8:15AM
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 September 30, 2018. The
dividend will be payable on October 26, 2018 to common stockholders
of record as of September 27, 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 July 15, 2018 and ends
on October 14, 2018. This dividend is payable on October 15,
2018 to holders of record of Series B Preferred Stock as of October
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 July 15, 2018 and ends
on October 14, 2018. This dividend is payable on October 15,
2018 to holders of record of Series C Preferred Stock as of October
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 July 15,
2018 and ends on October 14, 2018. This dividend is payable
on October 15, 2018 to holders of record of Series D Preferred
Stock as of October 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.
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-Eng Chief Financial
Officer
Phone: 646-216-2363Email: knario@nymtrust.com
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