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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Nov. 25, 11:55 PM

Slide #4. New York Mortgage Trust, Inc. Secondary Offering

Company: New York Mortgage Trust, Inc. (NASDAQ:NYMT)
Date announced: 11/20/2014
Shares Offered: 13,000,000
Date of Pricing: 11/21/2014
Price Per Share: $7.94
Secondary Offering Details: New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") announced today that it plans to make a public offering of 15,000,000 shares of its common stock. NYMT also expects to grant the underwriters an option to purchase up to an additional 2,250,000 shares of common stock. UBS Investment Bank, Deutsche Bank Securities, Barclays, RBC Capital Markets and Credit Suisse Securities (USA) LLC will serve as joint bookrunning managers for the offering. Keefe, Bruyette & Woods, Inc., a Stifel Company, will serve as lead manager for this offering. - updated 11/21 - New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") announced today that it priced an underwritten public offering of 13,000,000 shares of its common stock at a public offering price of $7.94 per share. NYMT also granted the underwriters an option to purchase up to an additional 1,950,000 shares of common stock. The offering is expected to close on November 26, 2014, subject to customary closing conditions. UBS Investment Bank, Deutsche Bank Securities, Barclays, RBC Capital Markets and Credit Suisse Securities (USA) LLC are acting as joint bookrunning managers for the offering. JMP Securities and Keefe, Bruyette & Woods, Inc., a Stifel Company, are acting as co-lead managers for the offering. Ladenburg Thalmann, Maxim Group LLC and MLV & Co. are acting as co-managers for the offering.

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
Website:  www.nymtrust.com
Sector:  REITs
Number of ETFs Holding NYMT:  20
Total Market Value Held by ETFs:  $54.45M
Total Market Capitalization:  $713.00M
% of Market Cap. Held by ETFs:  7.64%
 

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

November 25, 2014    11:55 PM Eastern
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Hold (2.29 out of 4)
10th percentile
(ranked lower than approx. 90% of all stocks covered)
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