NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. NYMT (the “Company”) announced today that its board of directors (the “Board of Directors”) has declared a regular quarterly cash dividend of $0.10 per share on its common shares for the quarter ended September 30, 2022. The dividend will be payable on October 26, 2022 to common shareholders of record as of the close of business on September 26, 2022.
In addition, the Board of Directors declared cash dividends on the Company’s 8.000% fixed-to-floating rate cumulative redeemable preferred stock (“Series D Preferred Stock”) and 7.875% fixed-to-floating rate cumulative redeemable preferred stock (“Series E Preferred Stock” ), 6.875% cumulative fixed-to-floating rate Series F Redeemable Preferred Stock (“Series F Preferred Stock”) and 7.000% cumulative Series G Redeemable Preferred Stock (“Series G Preferred Stock”), as noted below.
Quarterly Preferred Stock Dividends
The Board declared cash dividends for the dividend period beginning July 15, 2022 and ending October 14, 2022 as follows:
| class of preferred shares | Series D | Series E | Series F | Series G | ||||
| recording date | October 1, 2022 | October 1, 2022 | October 1, 2022 | October 1, 2022 | ||||
| date of payment | October 15, 2022 | October 15, 2022 | October 15, 2022 | October 15, 2022 | ||||
| Cash dividend per share | $0.50 | $0.4921875 | $0.4296875 | $0.4375 | ||||
About New York Mortgage Trust
New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes. NYMT is an internally managed REIT engaged in the acquisition, investment, financing and management of primarily mortgage-related single and multi-family residential properties, including joint venture equity investments in multi-family communities.
Forward-Looking Statements
If used in this press release, in future filings with the Securities and Exchange Commission (the “SEC”), or in any other written or oral…
