NTR Nutrien Ltd

NEW YORK, Dec. 18 /PRNewswire-FirstCall/ -- New York Mortgage Trust, Inc. (NYSE:NTR), announced today that its Board of Directors declared a cash dividend of $0.05 per share on shares of its common stock for the quarter ended December 31, 2006. The dividend is payable on January 26, 2007, to stockholders of record as of January 5, 2007. 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: A. Bradley Howe, Senior Vice President and General Counsel of New York Mortgage Trust, Inc., +1-212-634-9401, ; or Joe Calabrese, General, +1-212-827-3772, or Julie Tu, Analysts, +1-212-827-3776, both of Financial Relations Board

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