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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Wednesday, January 27, 4:59 PM

Slide #50. New York Mortgage Trust, Inc. Preferred Stock Offering

Company: New York Mortgage Trust, Inc. (NASDAQ:NYMT)
Date announced: 10/10/2019
Shares Offered: 6,000,000
Date of Pricing: 10/10/2019
Price Per Share: $25.00
Preferred Stock Offering Details: New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the "Company") announced today the pricing of a public offering of 6,000,000 shares of its 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series E Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of $150,000,000 before deducting underwriting discounts and offering expenses. The Company has applied to list the Series E Preferred Stock on the Nasdaq Global Select Market under the symbol "NYMTM." The Company has granted the underwriters an option for 30 days to purchase up to an additional 900,000 shares of the Series E Preferred Stock to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on October 18, 2019.

New York Mortgage Trust is a real estate investment trust engaged in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. Co.'s investment portfolio includes: multi-family credit assets, such as multi-family commercial mortgage-backed securities (CMBS) (excluding Agency CMBS) and preferred equity in, and mezzanine loans to, owners of multi-family properties; single-family credit assets, such as residential mortgage loans and non-Agency residential mortgage-backed securities (RMBS); Agency securities such as Agency RMBS and Agency CMBS; and certain other mortgage-, residential housing- and credit-related assets.

Preferred: NYMTP

Open the NYMT Page at Preferred Stock Channel »

Name:  New York Mortgage Trust Inc
Sector:  REITs
Number of ETFs Holding NYMT:  37 (see which ones)
Total Market Value Held by ETFs:  $319,489,421
Total Market Capitalization:  $1,500,000,000
% of Market Cap. Held by ETFs:  21.30%

Open the NYMT Page at Preferred Stock Channel (in a new window) »

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