New York Mortgage Trust Announces Series Public Offering

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NEW YORK, June 29, 2021 (GLOBE NEWSWIRE) – New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) today announced the launch of a fixed-rate Series F public offering at cumulative variable Redeemable Preferred Shares (the “Series F Preferred Shares”). The Company intends to list the Series F Preferred Shares on the Nasdaq Global Select Market under the symbol “NYMTL”. The Company intends to grant the Underwriters a 30-day option to purchase additional shares of the Series F Preferred Shares to cover over-allotments, if any.

Raymond James & Associates, Inc. acts as the sole accounting manager of the offering.

The Company intends to use the net proceeds of the Offering to fund the redemption of all or part of the outstanding shares of its 7.875% Cumulative Redeemable Preferred Shares Series C, par value of $ 0.01 per share. (the “Series C Preferred Shares”). In addition, the Company intends to use the remainder of the net proceeds of the offering for general business purposes, which may include, among others, the acquisition of its targeted assets, including single-family residential assets and multi-family, and various other types of mortgage, residential and credit-related assets that it may target from time to time, the redemption of all or part of additional series of its preferred shares and for general fund fund purposes. rolling. This press release does not constitute notice of the redemption of these Series C preferred shares or any other existing series of preferred shares of the Company.

The Offer will be made in accordance with the Company’s existing pending registration statement, which is automatically effective upon filing with the Securities and Exchange Commission (the “SEC”) on August 9, 2018. The Offer of such securities will be effected only by way of a prospectus and a related prospectus supplement, which will be filed with the SEC. Copies of the prospectus and prospectus supplement relating to this offering may be obtained, when available, from Raymond James & Associates, Inc., Attention: Syndicate, 880 Carillon Parkway St. Petersburg, FL 33716, by telephone at (800) 248-8863, or by email at [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to purchase Series F Preferred Shares or any other security, nor will there be any sale of such shares or of any other security. any other security in a state or other jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such state or other jurisdiction.

About the New York Mortgage Trust

New 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 engaged in the acquisition, investment, financing and management of residential assets primarily related to mortgages and single and multi-family.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve many risks and uncertainties. The actual results of the Company may differ from its beliefs, expectations, estimates and projections and, therefore, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and may be identified by words such as “anticipate”, “estimate”, “will”, “should”, “expect”, “believe”, “intend” , “Seek”, plan “and similar expressions or their negative forms, or by references to any strategy, plans or intentions. No guarantee can be given that the offer discussed above will be carried out under the conditions described or at all, or that the net proceeds of the Offer will be used as directed. The completion of the Offer under the conditions described, and the application of the net proceeds of the Offer, is subject to many events, factors and possible conditions, many of which are beyond the control of the Company and not all of which are known to the Company. These forward-looking statements are subject to risks and uncertainties, including, among others, those described in the annual report of the Company. the company on Form 10-K for the ‘year ended December 31, 2020 under the heading “1A. Risk Factors. “Other risks, uncertainties and factors that could cause actual results to differ materially from those anticipated may be described from time to time in the reports that the Company files with the Securities and Exchange Commission, including reports on Forms 10-Q and 8-K. The Company assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

For more information

Kristine Nario-Eng
Financial director
Telephone: 212-792-0107
Email: [email protected]


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