New York Mortgage Trust Announces Public Offering of 2M Shares

New York Mortgage Trust NYMT announced today that it has commenced an underwritten registered public offering of 2,000,000 shares of common stock. NYMT also expects to grant the underwriters an option to purchase up to an additional 300,000 shares of common stock to cover over-allotments, if any. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. LTS, will serve as sole bookrunning manager for the offering. NYMT expects to use the net proceeds of this offering to acquire certain of the Company's target assets, including commercial mortgage loans and commercial mortgage-backed securities and Agency RMBS. The Company may also use the net proceeds for general working capital purposes. All shares of common stock will be offered under NYMT's existing shelf registration statement, which was declared effective by the Securities and Exchange Commission. The offering of these shares will be made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained by contacting Ladenburg Thalmann & Co. Inc., 520 Madison Avenue, Ninth Floor, New York, NY 10022.