New York Mortgage Trust 2006 Fourth Quarter and Year End Conference Call Scheduled for Friday, March 16, 2007
March 06 2007 - 9:08AM
PR Newswire (US)
NEW YORK, March 6 /PRNewswire-FirstCall/ -- New York Mortgage
Trust, Inc. (NYSE:NTR) is scheduled to report financial results for
the fourth quarter and year ended December 31, 2006 after the close
of market on Thursday, March 15, 2007. On Friday, March 16, 2007 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 fourth quarter and year end 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. Currently, 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. In February
2007, the Company announced that it had entered into definitive
agreements to sell its origination business. The Company's REIT
portfolio is comprised of securitized, high credit quality,
adjustable and hybrid ARM loans. As a REIT, the Company is not
subject to federal income tax provided that it distributes at least
90% of its REIT taxable income to its stockholders. For more
information about New York Mortgage Trust please visit
http://www.nymtrust.com/. 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: Steven R. Mumma, Chief Financial Officer of
New York Mortgage Trust, Inc., +1-212-634-2411, ; or General, Joe
Calabrese, +1-212-827-3772, or Analysts, Julie Tu, +1-212-827-3776,
both of Financial Relations Board for New York Mortgage Trust, Inc.
Web site: http://www.nymtrust.com/
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