Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 8:53 AM
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Slide #471. New York Mortgage Trust, Inc. — Preferred Stock Offering
New York Mortgage Trust, Inc. (NASDAQ:NYMT)
7.75% Series B Cumulative Redeemable Preferred Stock (NASDAQ:NYMTP)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the "Company") today announced that it plans to make a public offering of shares of its Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock"). The Company has applied to list the Series B Preferred Stock on the Nasdaq Capital Market under the symbol "NYMTP."
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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