New York Mortgage Trust 2007 Second Quarter Conference Call Scheduled for Tuesday, August 7, 2007
August 03 2007 - 12:43PM
PR Newswire (US)
NEW YORK, Aug. 3 /PRNewswire-FirstCall/ -- New York Mortgage Trust,
Inc. (NYSE:NTR) is scheduled to report financial results for the
second quarter ended June 30, 2007 after the close of market on
Monday, August 6, 2007. On Tuesday, August 7, 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
303-262-2004. 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
self-advised 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). 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. 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, a rise in interest rates or a unfavorable
change in prepayment rates may cause a decline in the market value
of the Company's assets, 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 be exposed to 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, Co-CEO, President, Chief Financial Officer, New
York Mortgage Trust, Inc., +1-212-792-0107, or ; or Joe Calabrese,
General, +1-212-827-3772, or Julie Tu, Analysts, +1-212-827-3776,
both of Financial Relations Board, for New York Mortgage Trust Web
site: http://www.nymtrust.com/
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