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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Apr. 27, 9:59 PM

Slide #14. New York Mortgage Trust, Inc. Secondary 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
Secondary 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 primarily mortgage-related assets and, to a lesser extent, financial assets. Co.'s portfolio includes certain assets and investments sourced from distressed markets that create the potential for capital gains and other types of mortgage-related investments. Co.'s targeted assets include multi-family commercial mortgage-backed securities, mezzanine loans to and preferred equity investments in owners of multi-family properties, residential mortgage loans, including loans sourced from distressed markets, and agency residential mortgage-backed securities.

Preferred: NYMTP

Open the NYMT Page at The Online Investor »

Company Name:  New York Mortgage Trust Inc
Sector:  REITs
Number of ETFs Holding NYMT:  19
Total Market Value Held by ETFs:  $61.66M
Total Market Capitalization:  $827.00M
% of Market Cap. Held by ETFs:  7.46%

Open the NYMT Page at The Online Investor (in a new window) »

April 27, 2015    9:59 PM Eastern
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Buy (3.00 out of 4)
48th percentile
(ranked lower than approx. 52% of all stocks covered)
Based on Zacks ABR data;
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