Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, April 26, 6:59 PM
This Slide: #381 of 620 |
Slide #381. New York Mortgage Trust, Inc. — Preferred Stock Offering
Company:
New York Mortgage Trust, Inc. (NASDAQ:NYMT)
Date announced:
4/15/2015
Shares Offered:
3,600,000
Date of Pricing:
4/15/2015
Price Per Share:
$25.00
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 mortgage-related single-family and multi-family residential assets. Co.'s investment portfolio includes credit sensitive single-family and multi-family assets. Co.'s targeted investments include: residential loans, including business purpose loans; structured multi-family property investments such as preferred equity in, and mezzanine loans to, owners of multi-family properties; residential mortgage-backed securities that are not guaranteed by any agency of the U.S. Government or government sponsored enterprise; and commercial mortgage-backed securities.
Preferreds: NYMTP, NYMTN, NYMTM, NYMTL, NYMTZ
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Buy (2.67 out of 4) 17th percentile
(ranked lower than approx. 83% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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