New York Mortgage Trust 2006 Second Quarter Conference Call Scheduled for Tuesday, August 8, 2006
July 05 2006 - 1:00PM
PR Newswire (US)
NEW YORK, July 5 /PRNewswire-FirstCall/ -- New York Mortgage Trust,
Inc. (NYSE:NTR) is scheduled to report financial results for the
second quarter ended June 30, 2006 after the close of market on
Monday, August 7, 2006. On Tuesday, August 8, 2006 at 10:00 a.m.
Eastern, New York Mortgage Trust's executive management will host a
conference call and audio webcast highlighting the Company's second
quarter financial results. The conference call dial-in number is
303-262-2140. A live audio webcast of the conference call can be
accessed via the Internet, on a listen-only basis, at
http://www.earnings.com/ or at the Investor Relations section of
the Company's website at http://www.nymtrust.com/. Please allow
extra time, prior to the call, to visit the site and download the
necessary software to listen to the Internet broadcast. The online
archive of the webcast will be available for approximately 90 days.
About New York Mortgage Trust New York Mortgage Trust, Inc., a real
estate investment trust (REIT), is engaged in the origination of
and investment in residential mortgage loans throughout the United
States. The Company, through its wholly owned taxable REIT
subsidiary, The New York Mortgage Company, LLC (NYMC), originates a
broad spectrum of residential loan products with a focus on high
credit quality, or prime, loans. In addition to prime loans, NYMC
also originates jumbo loans, alternative-A loans, sub-prime loans
and home equity or second mortgage loans through its retail and
wholesale origination branch network. The Company's REIT portfolio
is comprised of securitized, high credit quality, adjustable and
hybrid ARM loans, the majority of which, over time, will be
originated by NYMC. As a REIT, the Company is not subject to
federal income tax provided that it distributes at least 90% of its
REIT income to shareholders. This news release contains
forward-looking statements that predict or describe future events
or trends. The matters described in these forward- looking
statements are subject to known and unknown risks, uncertainties
and other unpredictable factors, many of which are beyond the
Company's control. The Company faces many risks that could cause
its actual performance to differ materially from the results
predicted by its forward- looking statements, including, without
limitation, the possibilities that a rise in interest rates may
cause a decline in the market value of the Company's assets, a
decrease in the demand for mortgage loans may have a negative
effect on the Company's volume of closed loan originations,
prepayment rates may change, borrowings to finance the purchase of
assets may not be available on favorable terms, the Company may not
be able to maintain its qualification as a REIT for federal tax
purposes, the Company may experience the risks associated with
investing in real estate, including changes in business conditions
and the general economy, and the Company's hedging strategies may
not be effective. The reports that the Company files with the
Securities and Exchange Commission contain a fuller description of
these and many other risks to which the Company is subject. Because
of those risks, the Company's actual results, performance or
achievements may differ materially from the results, performance or
achievements contemplated by its forward-looking statements. The
information set forth in this news release represents management's
current expectations and intentions. The Company assumes no
responsibility to issue updates to the forward-looking matters
discussed in this news release. DATASOURCE: New York Mortgage
Trust, Inc. CONTACT: At The Company - Michael I. Wirth, Chief
Financial Officer, +1-212-634-2342, ; At Financial Relations Board
- Joe Calabrese (General), +1-212-827-3772, or Julie Tu (Analysts),
+1-212-827-3776 Web site: http://www.nymtrust.com/
http://www.earnings.com/
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