New York Mortgage Trust Declares Third Quarter 2016 Common Stock Dividend of $0.24 Per Share, and Preferred Stock Dividends
16 September 2016 - 6:01AM
New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the “Company”)
announced today that its Board of Directors declared a regular
quarterly cash dividend of $0.24 per share on shares of its common
stock for the quarter ending September 30, 2016. The dividend will
be payable on October 28, 2016 to common stockholders of record as
of September 26, 2016.
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 July 15,
2016 and ends on October 14, 2016. This dividend is payable
on October 15, 2016 to holders of record of Series B Preferred
Stock as of October 1, 2016.
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 July 15,
2016 and ends on October 14, 2016. This dividend is payable on
October 15, 2016 to holders of record of Series C Preferred Stock
as of October 1, 2016.
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. NYMT is an internally managed REIT
which invests in mortgage-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, Agency RMBS consisting of fixed-rate,
adjustable-rate and hybrid adjustable-rate RMBS and Agency IOs
consisting of interest only and inverse interest-only RMBS that
represent the right to the interest component of the cash flow from
a pool of mortgage loans. The Midway Group, L.P. and Headlands
Asset Management, LLC provide investment management services to the
Company with respect to certain of its targeted 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, 2015, 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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