Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, August 14, 8:53 PM
|This Slide: #343 of 582|
Slide #343. New York Mortgage Trust, Inc. — Preferred Stock Offering
New York Mortgage Trust, Inc. (NASDAQ:NYMT)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the "Company") today announced that it priced a public offering of 3,600,000 shares of its 7.875% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of $90,000,000, before deducting underwriting discounts and offering expenses. The Company has applied to list the Series C Preferred Stock on the Nasdaq Capital Market under the symbol "NYMTO."
New York Mortgage Trust is a real estate investment trust engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets. Co.'s targeted investments include residential loans and business purpose loans, structured multi-family property investments such as preferred equity in, and mezzanine loans to, owners of multi-family properties, as well as joint venture equity investments in multi-family properties, non-Agency residential mortgage-backed securities (RMBS), Agency RMBS, commercial mortgage-backed securities and certain other mortgage-, residential housing- and credit-related assets and investments.
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Buy (2.71 out of 4)
(ranked lower than approx. 86% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com