{"id":1628,"date":"2021-01-12T14:48:00","date_gmt":"2021-01-12T20:48:00","guid":{"rendered":"https:\/\/1reason.com\/re\/new-york-mortgage-trust-declares-fourth-quarter-2020-common-stock-dividend-of-0-10-per-share-and-preferred-stock-dividends\/1628\/"},"modified":"2021-01-13T08:48:00","modified_gmt":"2021-01-13T14:48:00","slug":"new-york-mortgage-trust-declares-fourth-quarter-2020-common-stock-dividend-of-0-10-per-share-and-preferred-stock-dividends","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/new-york-mortgage-trust-declares-fourth-quarter-2020-common-stock-dividend-of-0-10-per-share-and-preferred-stock-dividends\/1628\/","title":{"rendered":"New York Mortgage Trust Declares Fourth Quarter\u00a02020 Common Stock Dividend of $0.10 Per Share, and Preferred Stock Dividends"},"content":{"rendered":"
The dividend will be payable on January 25, 2021 to common stockholders of record as of the close of business on December 17, 2020. <\/p>\n

In addition, the Board declared cash dividends for the quarterly period that began on October 15, 2020 and ends on January 14, 2021 on the Company\u2019s 7.75% Series B Cumulative Redeemable Preferred Stock (\u201cSeries B Preferred Stock\u201d), 7.875% Series C Cumulative Redeemable Preferred Stock (\u201cSeries C Preferred Stock\u201d), 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (\u201cSeries D Preferred Stock\u201d) and 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (\u201cSeries E Preferred Stock\u201d) as stated below.<\/p>\n\n\n\n\n\n
Class of Preferred Stock<\/strong><\/td>\n\nSeries B<\/strong><\/td>\n\nSeries C<\/strong><\/td>\n\nSeries D<\/strong><\/td>\n\nSeries E<\/strong><\/td>\n<\/tr>\n
Record Date<\/td>\n\nJanuary 1, 2021<\/td>\n\nJanuary 1, 2021<\/td>\n\nJanuary 1, 2021<\/td>\n\nJanuary 1, 2021<\/td>\n<\/tr>\n
Payment Date<\/td>\n\nJanuary 15, 2021<\/td>\n\nJanuary 15, 2021<\/td>\n\nJanuary 15, 2021<\/td>\n\nJanuary 15, 2021<\/td>\n<\/tr>\n
Cash Dividend Per Share<\/td>\n\n$0.484375<\/td>\n\n$0.4921875<\/td>\n\n$0.50<\/td>\n\n$0.4921875<\/td>\n<\/tr>\n<\/table>\n

About New York Mortgage Trust<\/strong><\/p>\n

New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (\u201cREIT\u201d) for federal income tax purposes. NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets.<\/p>\n

Forward-Looking Statements<\/em><\/strong><\/p>\n

When used in this press release, in future filings with theSecurities and Exchange Commission(the \u201cSEC\u201d) or in other written or oral communications, statements which are not historical in nature, including those containing words such as \u201cwill,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cplan,\u201d \u201ccontinue,\u201d \u201cintend,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cmay\u201d or similar expressions, are intended to identify \u201cforward-looking statements\u201d 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 \u201cExchange Act\u201d), and, as such, may involve known and unknown risks, uncertainties and assumptions. Statements regarding the following subject, among others, may be forward-looking: the payment of dividends.<\/p>\n

Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance.Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results and outcomes could differ materially from those projected in theseforward-looking statements due to a variety of factors, including, without limitation: changes in the Company\u2019s business and investment strategy; changes in interest rates and the fair market value of the Company\u2019s assets, including negative changes resulting in margin calls relating to the financing of the Company\u2019s assets; changes in credit spreads; changes in the long-term credit ratings of theU.S., Fannie Mae, Freddie Mac, andGinnie Mae; general volatility of the markets in which the Company invests; changes in prepayment rates on the loans the Company owns or that underlie the Company\u2019s investment securities; increased rates of default or delinquency and\/or decreased recovery rates on the Company\u2019s assets; the Company\u2019s ability to identify and acquire targeted assets, including assets in its investment pipeline; changes in relationships with the Company\u2019s financing counterparties and the Company\u2019s ability to borrow to finance its assets and the terms thereof; the Company\u2019s ability to predict and control costs; changes in governmental laws, regulations or policies affecting the Company\u2019s business, including actions that may be taken to contain or address the impact of the COVID-19 pandemic; the Company\u2019s ability to make distributions to its stockholders in the future; the Company\u2019s ability to maintain its qualification as a REIT for federal tax purposes; the Company\u2019s ability to maintain its exemption from registration under the Investment Company Act of 1940, as amended; risks associated with investing in real estate assets, including changes in business conditions and the general economy, the availability of investment opportunities and the conditions in the market for Agency RMBS, non-Agency RMBS, ABS and CMBS securities, residential loans, structured multi-family investments and other mortgage-, residential housing- and credit-related assets, including changes resulting from the ongoing spread and economic effects of COVID-19; and the impact of COVID-19 on the Company, its operations and its personnel.<\/p>\n

These and other risks, uncertainties and factors, including the risk factors described in the Company\u2019s reports filed with theSECpursuant to the Exchange Act, could cause the Company\u2019s actual results to differ materially from those projected in any forward-looking statements the Company makes. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time and it is not possible to predict those events or how they may affect the Company. Except as required by law, the Company is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

For Further Information<\/strong><\/p>\n

Mari Nitta
Investor Relations Associate
Phone: 646-795-4066
Email: InvestorRelations@nymtrust.com<\/a><\/u><\/p>\n<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the \u201cCompany\u201d) announced today that its Board of Directors (the \u201cBoard\u201d) declared a regular quarterly cash dividend of $0.10 per share on shares of its common stock for the quarter ending December 31, 2020.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1628"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=1628"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1628\/revisions"}],"predecessor-version":[{"id":1640,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1628\/revisions\/1640"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=1628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=1628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=1628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}