Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, April 1, 4:14 PM
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Slide #499. New York Mortgage Trust, Inc. — Preferred Stock Offering
New York Mortgage Trust, Inc. (NASDAQ:NYMT)
7.75% Series B Cumulative Redeemable Preferred Stock (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 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.
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