New York Mortgage Trust 2007 First Quarter Conference Call Scheduled for Wednesday, May 9, 2007
April 24 2007 - 5:05PM
PR Newswire (US)
NEW YORK, April 24 /PRNewswire-FirstCall/ -- New York Mortgage
Trust, Inc. (NYSE:NTR) is scheduled to report financial results for
the first quarter ended March 31, 2007 after the close of market on
Tuesday, May 8, 2007. On Wednesday, May 9, 2007 at 9:00 a.m. ET,
New York Mortgage Trust's executive management will host a
conference call and audio webcast highlighting the Company's
quarterly financial results. The conference call dial-in number is
303-262-2131. 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 investment in and
management of high credit quality residential adjustable rate
mortgage (ARM) loans and mortgage-backed securities (MBS). As of
March 31, 2007, the Company has exited the mortgage lending
business. The Company's portfolio is comprised of securitized, high
credit quality, adjustable and hybrid ARM loans, and purchased MBS.
Historically at least 98% of the portfolio has been rated "AA" or
"AAA". As a REIT, the Company is not subject to federal income tax
provided that it distributes at least 90% of its REIT income to
stockholders. Safe Harbor Regarding Forward-Looking Statements
Certain statements contained in this press release may be deemed to
be 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, that a rise in interest rates may cause a decline in
the market value of the Company's assets, prepayment rates that 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
mortgage loans, including changes in loan delinquencies, 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 press release.
DATASOURCE: New York Mortgage Trust, Inc. CONTACT: Steven R. Mumma,
President, Co-Chief Executive Officer, Chief Financial Officer of
New York Mortgage Trust, Inc., +1-212-792-0107, ; or 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/ http://www.earnings.com/
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