New York Mortgage Trust Announces Q2 2021 Ordinary Dividend of $ 0.10 per Share and Preferred Share Dividend



NEW YORK, June 14, 2021 (GLOBE NEWSWIRE) – New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (“Board”) has announced regular quarterly cash dividends. $ 0.10 per share per common stock for the quarter ended June 30, 2021. Dividends will be paid on 26 July 2021 to registered holders of ordinary shares at the close of business on 24 June 2021.

In addition, the Board of Directors declared cash dividends on 7.75% of the cumulative redeemable Series B preferred shares of the Company (“Series B Preference Shares”), 7.875% of the cumulative redeemable Series C preferred shares (“Series C Preference shares”), 8.00% Series D fixed redeemable shares. Cumulative redeemable floating rate preference share (“D Series Preferred Share”) and 7.875% cumulative redeemable E Series preferred share, fixed or floating rate (“E Series Preferred Share”), as specified below.

Current quarterly dividend on preferred shares
The Board of Directors declared cash dividends for the dividend period that began on April 15, 2021 and ended on July 14, 2021 as follows:

Preferred share class

Series B

Series C

D series

E series

Date of recording

July 1, 2021

July 1, 2021

July 1, 2021

July 1, 2021

payment date

Jul 15, 2021

Jul 15, 2021

Jul 15, 2021

Jul 15, 2021

Cash dividend per share

$ 0.484375

$ 0.4921875

US $ 0.50

$ 0.4921875

About New York Mortgage Trust
New York Mortgage Trust, Inc. is a Maryland corporation that is taxed as a real estate investment fund (REIT) for federal income tax purposes. The NYMT is an in-house REIT management company that acquires, invests, finances and manages primarily mortgage-related private and multi-family residential assets.

Forward-looking statements
When used in this press release, in future documents to the Securities and Exchange Commission (“SEC”), or in other written or oral communications, non-historical statements, including those containing words such as “will”, ” believe, ”“ expect, ”“ expect, ”“ estimate, ”“ plan, ”“ continue, ”“ intend, ”“ might, ”“ might, ”“ should, ”“ may, ”or similar expressions are intended to the designations “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such may involve known and unknown risks, uncertainties and assumptions. Statements on the following topic, among other things, may be forward-looking: dividend payments.

Forward-looking statements are based on estimates, projections, beliefs and assumptions by the Company’s management at the time of such statements and are not guarantees of future results. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results and results could differ materially from those predicted in these forward-looking statements due to a variety of factors, including but not limited to: changes in the Company’s business and investment strategies; changes in interest rates and the fair market value of the Company’s assets, including negative changes leading to margin calls related to the financing of the Company’s assets; changes in credit spreads; changes in the long-term credit ratings of the United States, Fannie Mae, Freddie Mac and Ginnie Mae; general volatility of the markets in which the Company invests; changes in the rates of early repayment of loans owned by the Company or underlying investment securities of the Company; an increase in default or delay rates and / or a decrease in the rates of return on the Company’s assets; the Company’s ability to identify and acquire target assets, including assets in its investment portfolio; changes in relations with the Company’s counterparties in terms of financing and the Company’s ability to raise funds to finance its assets, as well as in their conditions; the company’s ability to forecast and control costs; changes in laws, regulations or policies affecting the Company’s business, including actions that can be taken to contain or eliminate the impact of the COVID-19 pandemic; the Company’s ability to make payments to its shareholders in the future; the company’s ability to maintain its REIT qualification for federal tax purposes; the company’s ability to maintain the exemption from incorporation under the Investment Companies Act 1940, as amended; risks associated with investing in real estate, including changes in the conditions of doing business and the economy in general, the availability of investment opportunities and market conditions for the RMBS Agency, non-agency RMBS, ABS and CMBS securities, housing loans, structured multi-family investments and other assets related to mortgages, housing and loans, including changes caused by the ongoing spread and economic impact of COVID-19; and the impact of COVID-19 on the Company, its operations and personnel.

These and other risks, uncertainties and factors, including risk factors described in the Company’s reports filed with the SEC in accordance with the Stock Exchange Law, may cause the Company’s actual results to differ materially from those predicted in any forward-looking statements. which the Company does. All forward-looking statements are valid only as of the date they are made. Over time, new risks and uncertainties arise and it is impossible to predict these events or how they might affect the Company. Except as provided by law, the Company is not obligated and does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For more information

Marie Nitta
Investor Relations Officer
Phone: 646-795-4066


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