New York Mortgage Trust Declares First Quarter 2017 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
March 16 2017 - 4:01PM
New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the “Company”)
announced today that its Board of Directors declared a regular
quarterly cash dividend of $0.20 per share on shares of its common
stock for the quarter ending March 31, 2017. The dividend will be
payable on April 25, 2017 to common stockholders of record as of
March 27, 2017.
In accordance with the terms of the 7.75% Series
B Cumulative Redeemable Preferred Stock (“Series B Preferred
Stock”) of the Company, the Board of Directors declared a Series B
Preferred Stock cash dividend of $0.484375 per share of Series B
Preferred Stock for the quarterly period that began on January 15,
2017 and ends on April 14, 2017. This dividend is payable on
April 15, 2017 to holders of record of Series B Preferred Stock as
of April 1, 2017.
In accordance with the terms of the 7.875%
Series C Cumulative Redeemable Preferred Stock ("Series C Preferred
Stock") of the Company, the Board of Directors declared a Series C
Preferred Stock cash dividend of $0.4921875 per share of Series C
Preferred Stock for the quarterly period that began on January 15,
2017 and ends on April 14, 2017. This dividend is payable on April
15, 2017 to holders of record of Series C Preferred Stock as of
April 1, 2017.
About New York Mortgage
TrustNew York Mortgage Trust, Inc. is a Maryland
corporation that has elected to be taxed as a real estate
investment trust (“REIT”) for federal income tax purposes. The
Company is an internally managed REIT which invests in
mortgage-related, residential housing-related and financial assets
and targets residential mortgage loans, including second mortgages
and loans sourced from distressed markets, multi-family CMBS,
direct financing to owners of multi-family properties through
mezzanine loans and preferred equity investments and other
commercial real estate-related investments and non-Agency RMBS. The
Midway Group, L.P. and Headlands Asset Management, LLC provide
investment management services to the Company with respect to
certain of its asset classes.
Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
relate to the payment of the dividends. Forward-looking statements
are based on our beliefs, assumptions and expectations of our
future performance, taking into account all information currently
available to us. These beliefs, assumptions and expectations
are subject to risks and uncertainties and can change as a result
of many possible events or factors, not all of which are known to
us, including those described in our Annual Report on Form 10-K for
the fiscal year ended December 31, 2016, which has been filed with
the Securities and Exchange Commission. If a change occurs,
these forward-looking statements may vary materially from those
expressed in this release. All forward-looking statements speak
only as of the date on which they are made. Except as required by
law, we are not obligated to, and do not intend to, update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
For Further Information
AT THE COMPANY
Kristine R. Nario
Chief Financial Officer
Phone: 646-216-2363
Email: knario@nymtrust.com
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